Hiscox Ltd
19 July 2007
Hiscox acquires Kidnap and Ransom business from Aon
Hiscox Ltd, ('Hiscox'), the international specialist insurer, today announced
the acquisition of a portfolio of kidnap and ransom business from Aon Limited,
('Aon'). The business, which is substantially underwritten by Hiscox,
principally comprises Latin American risks from third party intermediaries.
This agreement has been reached following Aon's decision to restructure their
Aon Crisis Management division to focus on servicing business from Aon's network
of global offices. The deal includes a transfer of existing staff and systems
which will ensure a seamless transition for existing clients and brokers.
Hiscox is the market leader for kidnap and ransom insurance by premium income.
-Ends-
For further information, please contact:
Hiscox media relations, London, UK
Kylie O'Connor +44 (0) 207448 6656 kylie.oconnor@hiscox.com
Rebecca Olejnik +44 (0) 207448 6332 rebecca.olejnik@hiscox.com
Aon media relations, London, UK
Reuben Aitchison +44 (0) 20 7086 7201 reuben.aitchison@aon.co.uk
Notes to editors
About Hiscox
Hiscox, headquartered in Bermuda, is an international specialist insurance group
listed on the London Stock Exchange. There are three main underwriting parts of
the Group - Hiscox Global Markets, Hiscox UK and Europe, and Hiscox
International. Hiscox Global Markets underwrites mainly internationally traded
business in the London Market - generally large or complex business which needs
to be shared with other insurers or needs the international licences of Lloyd's.
Hiscox UK and Hiscox Europe offer a range of specialist insurance for
professionals and business customers, as well as high net worth individuals.
Hiscox International includes operations in Bermuda, Guernsey and the USA.
Hiscox Insurance Company Ltd, Hiscox Underwriting Ltd and Hiscox Syndicates Ltd
are authorised and regulated by the Financial Services Authority.
For further information, visit www.hiscox.com
About Aon
Aon Corporation (www.aon.com) is a leading provider of risk management services,
insurance and reinsurance brokerage, human capital and management consulting,
and specialty insurance underwriting. There are 43,000 employees working in
Aon's 500 offices in more than 120 countries. Backed by broad resources,
industry knowledge and technical expertise, Aon professionals help a wide range
of clients develop effective risk management and workforce productivity
solutions. Aon Limited is authorised and regulated by the Financial Services
Authority in respect of insurance mediation activities only.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.