Aon Expands Role In Captives

Aon significantly expanded its role inglobal captive management with the announcement of the sale ofSinser Holding AB by Skandia of Stockholm, Sweden, to theChicago-based brokerage firm.

According to separate announcements by Aon and Skandia, Sinserspecializes in services for captive insurance companies and riskmanagement consulting.

Sinser brings its three subsidiaries in 10 countries into theAon fold. The firm handles the administration of more than 250captives and insurance entities owned by industrial and commercialclients, insurance and reinsurance companies.

Sinser will be combined with the Aon International RiskManagement Group and operate in the following three businessareas:

The captive management arm, Aon Insurance Managers, will beresponsible for more than 1,000 clients in 29 locations. Aon saidthat with a premium volume of $8 billion and assets of $45 billion,AIM is the leading global captive management company.

The International Risk Management Group will combine theconsulting services in risk financing, risk management and otherconsulting services to the insurance industry, financial servicescenters and financial institutions.

The Risk and Insurance Research Group will provide informationand training services, including newsletters, research reports,technical services, workshops and major conferences, Aon said.

Aon said that while it is combining the two operations, itintends to continue existing relationships “in terms of personneland services contracted.”

Ulf Spang, executive vice president and chief financial officerfor Skandia, said the sale of Sinser to Aon was done in keepingwith Skandias strategy to be “a pure-play global savingscompany.”

Terms of the transaction were not disclosed.

Reproduced from National Underwriter Property &Casualty/Risk & Benefits Management Edition, August 27, 2001.Copyright 2001 by The National Underwriter Company in the serialpublication. All rights reserved.Copyright in this article as anindependent work may be held by the author.

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