Captive Manager Readers Choice
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AON GLOBAL INSURANCE MANAGERS
www.aon.com/risk-services/captive-management.jsp
Aon Global Insurance Managers has helped clients do more with less as the distressed economy prompted its captive insurance company clients to seek ways to consolidate or close operations, said Nancy Gray, Burlington, Vt.-based regional managing director at AGIM.
AGIM's response to this and other client needs led to a second consecutive selection as best captive manager in the Business Insurance 2010 Readers Choice Awards.
“Being recognized for the second year is an accomplishment and recognition from our clients” is appreciated, Ms. Gray said.
As the captive management division of Chicago-based Aon Corp., AGIM has found itself busy helping clients become more efficient since the financial crisis took hold.
“We put together a runoff strategy team that looked for ways to maximize efficiencies” in winding down some captives and consolidating others, Ms. Gray said.
While the trend of consolidating or winding down captives seemed to peak in 2009, it has carried into 2010, she said. “It will continue into 2011, but there has been some easing off,” Ms. Gray said.
AGIM relies on its global scope to give it an advantage in the marketplace, helping it meet client needs wherever they are located, Ms. Gray said. She praised AGIM's “united team” as one of its biggest strengths in the marketplace. “We wouldn't be able to do it without the team,” she said.
AGIM will continue building on its global approach in 2011, helping clients worldwide take advantage of the benefits provided by captive insurers, Ms. Gray said.
“There's a lot on the horizon—Solvency II issues in Europe and potentially in Bermuda” among them, Ms. Gray said. To help guide captives and their owners through it all, “we're staying at the forefront of the issues,” she said.
SILVER CIRCLE
MARSH CAPTIVE SOLUTIONS
Willis Management Group Inc.
