CHICAGO & LONDON 04 April 2007 � Aon Re Global, the world�s leading provider of reinsurance brokerage and integrated capital solutions and services, today announced the launch of Aon Re Global Fac.
The new structure of its facultative business enables Aon Re Global to broaden its regional facultative reinsurance brokerage capabilities to clients around the world.
Aon Re Global Fac�s offering to clients includes:
- full CAT peril review, including a reinsurance capacity analysis, risk and portfolio modeling, and reinsurance program design;
- access to sophisticated analytical and catastrophe modeling capabilities through Aon Re Services;
- a Fac-dedicated claims unit for both property and casualty insurers, including secure online access to facultative claim information;
- Single global business approach with unparalleled access to global reinsurance markets.
The group will specialize in reinsurance placement of casualty, construction, terrorism, power and on/off shore energy, operating in over 30 offices globally and working with clients ranging from global cedents to captive insurers.
�The formation of Aon Re Global Fac and, more importantly, the ability to offer unmatched facultative expertise and truly global facultative reinsurance placement capabilities is a tremendous win for our clients,� said Michael O�Halleran, chairman and chief executive officer of Aon Re Global. �The addition of several new colleagues of the very highest caliber to our team opens up new opportunities for our clients, expanding the scope of what we are able to achieve on their behalf.�
The formation of Aon Re Global Fac coincides with the arrival of new and highly experienced colleagues, including Elliot Richardson, CEO of the new unit.
“The reinsurance market has experienced significant change in recent years,� Elliot commented. �Clients are now looking for integrated solutions to their requirements and facultative is playing an increased role in this change. Aon Re Global Fac�s model of local commitment with global reach allows us to utilize every single area of our business to give clients a tailor made solution�.
About Aon Re Global
Aon Re Global, the world�s leading reinsurance intermediary, provides clients with a full range of services in the design, structure and implementation of risk-transfer programs through a network of offices in more than 40 countries. In addition to traditional treaty and facultative placement services, Aon Re Global offers clients a range of advisory and consulting services � such as catastrophe information forecasting and financial analysis. Aon Re Global, a subsidiary of Aon Corporation, was named best reinsurance broker in 2006 by readers of Business Insurance and Reinsurance and in 2007 by readers of US Insurer.
Aon Corporation is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 43,000 employees working in Aon�s 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.
Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only www.aon.com .