19th Jul 2007 09:01
Hiscox Ltd19 July 2007 Hiscox acquires Kidnap and Ransom business from Aon Hiscox Ltd, ("Hiscox"), the international specialist insurer, today announcedthe acquisition of a portfolio of kidnap and ransom business from Aon Limited,("Aon"). The business, which is substantially underwritten by Hiscox,principally comprises Latin American risks from third party intermediaries. This agreement has been reached following Aon's decision to restructure theirAon Crisis Management division to focus on servicing business from Aon's networkof global offices. The deal includes a transfer of existing staff and systemswhich will ensure a seamless transition for existing clients and brokers. Hiscox is the market leader for kidnap and ransom insurance by premium income. -Ends- For further information, please contact: Hiscox media relations, London, UK Kylie O'Connor +44 (0) 207448 6656 [email protected] Olejnik +44 (0) 207448 6332 [email protected] Aon media relations, London, UK Reuben Aitchison +44 (0) 20 7086 7201 [email protected] Notes to editors About Hiscox Hiscox, headquartered in Bermuda, is an international specialist insurance grouplisted on the London Stock Exchange. There are three main underwriting parts ofthe Group - Hiscox Global Markets, Hiscox UK and Europe, and HiscoxInternational. Hiscox Global Markets underwrites mainly internationally tradedbusiness in the London Market - generally large or complex business which needsto be shared with other insurers or needs the international licences of Lloyd's.Hiscox UK and Hiscox Europe offer a range of specialist insurance forprofessionals and business customers, as well as high net worth individuals.Hiscox International includes operations in Bermuda, Guernsey and the USA.Hiscox Insurance Company Ltd, Hiscox Underwriting Ltd and Hiscox Syndicates Ltdare authorised and regulated by the Financial Services Authority. For further information, visit www.hiscox.com About Aon Aon Corporation (www.aon.com) is a leading provider of risk management services,insurance and reinsurance brokerage, human capital and management consulting,and specialty insurance underwriting. There are 43,000 employees working inAon's 500 offices in more than 120 countries. Backed by broad resources,industry knowledge and technical expertise, Aon professionals help a wide rangeof clients develop effective risk management and workforce productivitysolutions. Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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