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Aon Media Center

Aon Wins British Sky Broadcasting Account

 

London - 13th July 2004  - BSkyB, the leading provider of digital television services, has appointed Aon as its UK insurance and risk management adviser. The appointment, which follows a competitive pitch process, covers all classes of insurance business for BSkyB in the UK and their global news desks.

BSkyB has grown significantly as a company since its last review and wanted insurance and risk arrangements to more closely reflect the growing complexities of its business. In addition to the anticipated cost savings, BSkyB was impressed with Aon’s ability to deliver innovative solutions including a wrap-up insurance programme, which covers both BSkyB and third party broadcasters in the event of a potentially damaging broadcast interruption.

Commenting on the win, Adam Reed, Development Director for Aon Risk Services, said: “BSkyB’s business has changed dramatically over the last five years and so have its insurance and risk management needs. It was vital that we demonstrated our expertise in presenting highly innovative answers to crucial business issues such as business continuity and ‘wrap-up’ insurance programmes, as well as showing that we could generate real cost savings for the company.”

BSkyB Company Secretary, David Gormley, said: “Aon had a good team, came in with the most powerful bid and put their case across very strongly. Crucially, they also showed the best understanding of, and commitment that they were willing to meet, our business needs.”

Note to Editors:

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. The company employs approximately 53,000 professionals in its 600 offices in more than 120 countries.  Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

This press release may contain certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, pension funding, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual cost of resolution of contingent liabilities and other loss contingencies, the ultimate impact of the business transformation plan, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001.

 

Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.



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