Aon launches specialist global risk consulting unit

Released on: December 3, 2007, 4:14 am

Press Release Author: Reuben Aitchison

Industry:

Press Release Summary: Leading insurance broker and risk management consultant Aon
has formed Aon Global Risk Consulting, creating one of the largest dedicated risk
consulting, captive management and risk engineering groups in the world.

Press Release Body: Leading insurance broker and risk management consultant Aon has
formed Aon Global Risk Consulting, creating one of the largest dedicated risk
consulting, captive management and risk engineering groups in the world.

The formation of Aon Global Risk Consulting (AGRC) follows the launch of Aon Global
in January and is the latest step by the company in bringing all its global
capabilities together in a single unified structure aimed at providing world-class
service to the largest and most complex organizations.

As part of Aon Global, AGRC will offer a fully integrated range of risk consulting
solutions including enterprise risk management, actuarial and analytical services,
risk finance, risk control and engineering, accelerated claims closure services, and
(re)insurance company/captive management.

Led by Stephen Cross as CEO with Philip Stamp as chairman, AGRC combines Aon's
former Captives Services Group (Aon Insurance Managers), Risk Consulting and Risk
Engineering operations.

Stephen Cross commented: "As the world's largest companies aim to provide a smooth
and seamless global operation for their clients, it is important that we are in a
position to do the same for them.

"The creation of Aon Global Risk Consulting is about being able to offer a fully
integrated range of services from risk identification to assessment and management
of risk, and risk financing. We will be providing our clients with comprehensive
tailored solutions, through a consistent global approach. With 1500 staff in over 70
locations, AGRC is already one of the largest risk consulting organisations in the
world and is in an excellent position to deliver distinctive value to companies that
have to deal with the largest and most complex of risks."

Alongside its risk consulting offering, AGRC delivers services for captive
(re)insurance companies, repositioned as Aon Global Insurance Managers (AGIM). AGIM
has more captives under management than any other organisation, and is present in
all the major captive domiciles around the world.

The third integral part of AGRC is Aon Global Risk Control and Engineering. This
unit provides integrated solutions for complex property and casualty related risks,
and includes Schirmer Engineering, one of the most respected names in risk
engineering and leaders in their field.

Steve McGill, CEO of Aon Global, commented on the creation of the new group: "With
the level, complexity, and impact of risk continuing to increase, organisations need
to think more widely and deeply about risk issues than ever before. From the
boardroom to the front line, we have the capabilities to help them in every aspect
of that challenge.

"Aon Global Risk Consulting will work seamlessly within Aon Global\'s client service
and risk broking operations to deliver value from the ever increasing and ever more
complex risks facing large organisations. This integrated ability to analyse complex
risks, then structure and execute effective risk mitigation solutions in the global
(re)insurance market is a unique feature of the value that Aon Global brings to
clients.\"builder\'s
insurance


Aon UK is ranked by A.M. Best as the number one global insurance brokerage based on
brokerage revenues and voted best insurance intermediary, offering classic car
insurance, high value home insurance, entertainment and media liability insurance
and builder\'s
insurance
.


Web Site:
http://www.commercialservices.aon.co.uk/commercialservices/microsites/construction/


Contact Details: directory@vandelay.co.uk


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