Aon Re Global Launches Global Facultative Reinsurance Capabilities

Released on: December 3, 2007, 3:24 am

Press Release Author: Reuben Aitchison

Industry:

Press Release Summary: 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.

Press Release Body: 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".high
value home insurance


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 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
construction insurance.


Web Site: http://www.privateclients.aon.co.uk/privateclients/microsites/household

Contact Details: directory@vandelay.co.uk

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