Aon Chosen to Consolidate Property Fund Manager Insurance Program

August 19, 2009

Aon announced that Cordea Savills, the international property fund manager, has appointed Aon to consolidate its current insurance arrangements into a Pan European insurance program, following an extensive tendering process.

Aon noted that “Cordea Savills had previously taken a decentralized approach to insurance, allowing its local offices and property managers to arrange insurance with various insurance brokers and insurers. Aon will be responsible for converting this into a consolidated pan European program to achieve consistent coverage and competitive premiums.”

Bill Hackney (COO) from Cordea Savills, commented: “We look forward to expanding our relationship with Aon, who we’ve previously worked with in the Nordic region. We believe the new program will enable our clients to maximize their purchasing power whilst mitigating their insurable risks.”

Aon client director John Johnson was obviously pleased Aon had been selected, and indicated that the broker is looking forward to using its expertise “to achieve the rationalization of their insurance arrangements.”

Source: Aon – www.aon.com

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