London - 22 March 2004 - Aon has announced the launch of a new specialist team, Aon Capital Advisory, offering a wide range of advisory services tailored specifically for underwriting and insurance related entities. The team, which was formerly Heath Lambert Capital Markets, comprises Alastair Rodger, Lance Gibbins, Kevin Timmons, Tom Booth and Michelle Richmond and will form a new division within Aon Capital Markets Limited,
Aon Capital Advisory will offer services for raising capital and funding from a variety of sources. The team will also provide advice on mergers, acquisitions, disposals, feasibility studies, financial modelling, business planning, strategic business consulting and assistance with rating agencies and regulatory applications.
Commenting on the launch of the new team, Alan Griffin, Chief Operating Officer Aon Limited Reinsurance, said: "The addition of Aon Capital Advisory is a valuable extension to the wide range of consulting services currently offered to our insurance and reinsurance clients. The new team will bring a unique perspective for existing and prospective clients looking to make more efficient use of their capital."
Alastair Rodger, Managing Director Aon Capital Advisory, added: "As Aon Capital Advisory specialises in insurance related corporate finance services, the wider Aon group provides a wonderful platform for us and our clients. As part of a major international insurance broking and risk consulting group, we now have unparalleled access to in-depth technical insurance knowledge, significant market contacts and first hand understanding of world-wide insurance trends and developments."
About Aon
Aon is the UK's largest insurance broker and provider of risk management services, a major force in reinsurance and number four in the UK human capital consulting market. With more than 10,000 staff spread across 90 UK offices, Aon combines an in-depth knowledge of the UK market with an unmatched global reach and perspective. Aon's structure cuts across boundaries and unites specialists from around the world in global business units. Around the world, Aon posted 2002 revenues of $8.8 billion dollars, and has more than 54,000 employees in 600 offices across 125 countries, servicing clients’ requirements at a global level whilst responding to clients’ specialist needs in individual markets.
Aon Capital Advisory
While the team were at Heath Lambert Capital Markets, past high profile clients included Illium Insurance group Ltd, where the team acted as financial advisers and strategic consultants, securing capital for a new £100 million (approx.) capacity Lloyd's syndicate and managing agency for 2004. The team also acted as joint financial advisor to SVB Holdings plc in its £75 million share issue in April 2003. In 2002, it advised the management team during the establishment of PRI Group plc, a new FSA regulated insurance company that was listed on AIM from inception in June 2002 with a market capitalisation of £139 million. Also in 2002, the team were part of a panel of advisors to the Wellington Re / Aspen Re project.
Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.
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