Aon’s International Space Brokers Announces Opening of Hong Kong Operation
CHICAGO and HONG KONG – Aon Risk Solutions, the global risk management and insurance brokerage business of Aon Corporation (NYSE: AON), today announced the Hong Kong opening of its space insurance practice, International Space Brokers.
The world’s leading specialist space insurance broker’s senior vice president and regional director for Asia, Craig McGilvray, will be based in Hong Kong and will assume responsibility for ISB’s new Asia-Pacific division. McGilvray joined ISB in 2006 and was previously based in Brisbane, Australia, where he developed numerous financial and insurance solutions for many top Australian companies and established an extensive financial network within Australia and Asia. McGilvray will also have responsibility for the marketing of space risks to the Asian space insurance community.
“The opening of the Hong Kong operation is a game changer that will consistently improve execution and success with customers, markets and prospects,” stated McGilvray. “Furthermore, it allows us to centralize our efforts, streamline our approach to the region by improving access and focus on the enormous potential contained within the Asian region.”
ISB Chief Executive Officer Jeffrey Poliseno commented: "The decision to create a presence in Hong Kong was in direct response to those clients and prospects in the region that have called upon the insurance brokerage community to have subject matter experts locally based. Hong Kong is a pivotal hub in Asia and we are thrilled to further enhance our servicing capability and product offering within the Asia-Pacific region.”
Thierry Mangot, chairman of ISB, added: “This strategic investment not only demonstrates the commitment of Aon to the Asia-Pacific region, but reflects its dedication to contribute to the fantastic growth of the regional space industry. Our customers in the region will benefit from the resources allocated to our new office in Hong Kong as their needs are addressed in a timely and efficient manner.”
In addition to its Hong Kong operations, ISB maintains a presence in Washington, DC, London, Paris and Madrid.
Aon Corporation (NYSE:AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human resources solutions and outsourcing. Through its more than 59,000 colleagues worldwide, Aon unites to deliver distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon’s industry-leading global resources and technical expertise are delivered locally in over 120 countries. Named the world’s best broker by Euromoney magazine’s 2008, 2009 and 2010 Insurance Survey, Aon also ranked highest on Business Insurance’s listing of the world’s insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on revenues in 2007, 2008 and 2009, and Aon was voted best insurance intermediary 2007-2010, best reinsurance intermediary 2006-2010, best captives manager 2009-2010, and best employee benefits consulting firm 2007-2009 by the readers of Business Insurance. Visit http://www.aon.com
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