May 31, 2016 11:53 PM ET

Insurance

Company Overview of Aon Benfield Group Limited

Company Overview

Aon Benfield Group Limited provides reinsurance intermediary and capital advisory services internationally. It offers accident and health, alternative risk transfer, aviation and casualty, binding authority, property retrocession, and terrorism reinsurance services, as well as property reinsurance; credit and financial risks and facultative reinsurance services; and kidnap and ransom reinsurance services to protect against potential accumulations for kidnap, detention, extortion, hijack, and ransom. The company also advises on and transacts various marine classes, including specific and retrocession excess of loss, proportional, stop loss, reinstatement premium protections, whole account, lo...

55 Bishopsgate

London,  EC2N 3BD

United Kingdom

Founded in 1973

1,992 Employees

Phone:

44 20 7088 0044

Fax:

44 20 7578 7001

Key Executives for Aon Benfield Group Limited

Chief Executive Officer
Executive Chairman
Age: 65
Chief Operating Officer and Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of International Operations
Age: 54
Compensation as of Fiscal Year 2015.

Aon Benfield Group Limited Key Developments

Aon Benfield Launches PACE Platform

Aon Benfield has launched the PACE platform to help reinsurers monitor the aggregate catastrophe exposure across their portfolios. By having an enhanced understanding of their exposures, the new tool will enable reinsurers to make better use of their capital and in turn offer more competitive quotes and potentially new lines of business to insurers. With record levels of capital in the market, reinsurers are exploring new business opportunities that match their risk appetite. In response, Aon Benfield has developed PACE (Portfolio Accumulation for Control & Evaluation) to enable reinsurers to: evaluate the impact of individual programmes against their existing portfolio. This determines how much capital a programme consumes in relation to the rest of the portfolio and therefore how much of that business a reinsurer can afford to write; understand their overall accumulation of risks by highlighting which regions and perils are most exposed and perform 'what-if' analyses.

Aon Benfield and Aon Risk Solutions Appoint Qin Lu to Head Retail and Reinsurance Businesses in China

Pending regulatory approvals in China, Qin will join the regional management teams of Aon Benfield and Aon Risk Solutions, respectively. Based in Hong Kong, he will report jointly to Malcolm Steingold, CEO for Asia Pacific of Aon Benfield, and Sandeep Malik, CEO of Aon Risk Solutions Asia. Before accepting the current role at Aon, Qin was most recently working as the president of Swiss Re, China and member of Swiss Re Asia Management team. Before that Qin acted as the head of property & casualty, China and general manager of Beijing branch at Swiss Re. Additionally, he served as general manager of Malaysia branch at Swiss Re. From an Aon Risk Solutions perspective, Qin will be responsible for regional oversight of its China business as it continue to enhance its client capabilities in this growing market.

Aon Benfield to Appoint Andrew Marcell as Head of Strategy

Andrew Marcell is expected to take up the role of head of strategy at Aon Benfield. Marcell previously was the CEO of Guy Carpenter & Co. LLC's U.S. operations.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
 

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