BAHRAIN, 21 December 2010 – Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation (NYSE:AON), has licensed ReMetrica - its flagship capital modeling tool – to Q-Re, a leading Middle East reinsurer. ReMetrica will enable the reinsurer to enhance its Enterprise Risk Management framework by developing a sophisticated capital model. Q-Re will initially use ReMetrica for its inwards reinsurance pricing and outwards reinsurance optimization.
 
Dermot Dick, CEO of Q-Re, said: “Working with Aon Benfield has helped us to understand how sophisticated capital modeling will add value to the way we operate and conduct business. This is the first time we have used a capital modeling tool and we opted for ReMetrica as it is easy to use and can be set up very quickly, with the team on hand for support.”

Sunnie Luthra, Director of Aon Benfield Analytics in the Middle East, added: “The Middle East re/insurance industry is waking up to capital modeling and Q-Re is among the growing number of companies to recognize the value of using ReMetrica.”

Ends

About Aon Benfield
As the industry leader in treaty, facultative and capital markets, Aon Benfield is redefining the role of the reinsurance intermediary and capital advisor. Through our unmatched talent and industry-leading proprietary tools and products, we help our clients to redefine success. Aon Benfield offers unbiased capital advice and customized access to more reinsurance and capital markets than anyone else. As a trusted advocate, we provide local reach to the world’s markets, an unparalleled investment in innovative analytics, including catastrophe management, actuarial, and rating agency advisory, and the right professionals to advise clients in making the optimal capital choice for their business. With an international network of more than 80 offices in 50 countries, our worldwide client base is able to access the broadest portfolio of integrated capital solutions and services. Learn more at aonbenfield.com.

Q-Re
Q-Re is a specialist reinsurance company focusing on our core competences of Energy, Marine, Engineering and Property business-both Facultative and Treaty within Afro-Asia Regions.  Licensed by the Qatar Financial Centre and regulated by the Qatar Financial Centre Regulatory Authority we offer S&P 'A' rated security to all our intermediaries and clients. Q-Re has a paid-up capital of US $50,000,000 and authorized capital of US $100,000,000.

 

Media contacts

David Bogg
Aon Benfield
t: +44 (0)20 7522 4016
e: david.bogg@aonbenfield.com  

Andrew Wragg
Aon Benfield
t: +44 (0)20 7522 8183
e: andrew.wragg@aonbenfield.com      

Alexandra Lewis
Aon Benfield
t: +44 (0)20 7882 0541  
e: alexandra.lewis@aonbenfield.com