Aon to Manage BT’s Captive

November 23, 2009

Aon Insurance Managers (Isle of Man) (AIM IOM) announced that it has been appointed as captive manager to the BT Group [formerly British Telecom] plc captive, the Isle of Man-based Communicator Insurance Company Limited.

“The captive has moved from being self-managed and will therefore be able to take advantage of Aon’s expertise plus other benefits of outsourcing, including improved business continuity and succession planning, plus direct access to Aon’s suite of risk financing products,” said Aon’s bulletin.

“As part of the move, Communicator’s senior management – with a combined 45 years’ experience in captive management and insurance – have joined the AIM IOM team to service both the Communicator account and other AIM IOM managed captives domiciled in the Isle of Man.

Aon also confirmed the following appointments in connection with the transfer:
— Gary Crease has been appointed as executive chairman for AIMIOM and was formerly general manager of Communicator. Prior to joining Communicator, he was the managing director of Sedgwick Isle of Man (now Marsh).
— Dave Picken takes the role of director of finance & accounting for AIMIOM. He was accounting manager of Communicator and also joined from Sedgwick.

Andrew Tunnicliffe, chief operating officer at Aon Global Risk Consulting, commented: “We’re seeing the trend for more companies opting to outsource their captive management to take advantage of the efficiencies and wide ranging skills that are available within a leading captive management organization, such as Aon Global Insurance Managers. It is a real coup for Aon to welcome Gary and Dave to the team.”

Source: Aon – www.aon.com

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