Hiscox acquires book of K&R business from Aon
Posted On: Jul. 19, 2007 12:00 AM CSTHAMILTON, Bermuda—Hiscox Ltd. has acquired a portfolio of kidnap and ransom business from Aon Ltd., the London-based arm of Aon Corp.
The business, which Hiscox said it largely underwrites, principally comprises Latin American risks from third-party intermediaries.
Terms of the deal were not disclosed, but existing staff and systems will be transferred to Hiscox, the company said in a statement.