Aon Global Risk Consulting, the provider of risk advisory services of Aon Corp, announced the launch of Aon Global Risk Consulting Bermuda, as part of Aon Insurance Managers (Bermuda) Ltd.
Aon noted that it has operated in Bermuda since 1963, and “selected to establish an Aon Global Risk Consulting office in Bermuda because of the country’s position as the leading captive domicile and one of the world’s largest insurance markets.”
Aon Global Risk’s CEO Stephen Cross added: “Corporations are looking more and more to integrate captive strategies to help manage their total cost of risk as the regulatory process is tightening worldwide. By connecting Aon’s risk consulting services with its captive management offering, Aon has created a one-stop shop for corporations seeking traditional and innovative risk-based solutions.”
Laura Taylor, a long-time Aon executive and risk consulting expert, will lead Aon Global Risk Consulting Bermuda. She will also continue to serve as managing director and global enterprise risk management practice leader at Aon.
Taylor noted: “Aon has operated in the Bermuda captive market for nearly 50 years, and we see potential for outstanding growth in the domicile. Our expansion in Bermuda will enhance the firm’s offerings and create additional opportunities for clients in the global marketplace.”