LONDON, 1 June 2008 Aon Trade Credit UK, the leading credit insurance broker, is launching an international team to support global companies in managing their receivables more proactively to prevent bad debt.

Liquidity was named one of the top ten risks for global companies in 2009 according to Aon’s Global Risk Management Survey and, as tackling bad debt has now become a boardroom issue, the new team will assist by:

placing global credit insurance programmes centrally to provide cover for bad debt due to customer insolvency. This will allow for consistency and efficiency, while ensuring the parent company keeps in line with corporate governance;
providing daily advice on changing credit limits with input from the global team of 400;
supporting insurance cover with knowledge on the risk profile of customers, access to Aon Trade Link with ratings agencies’ data and credit management tools such as Aon Trade Manager.

Andrew Child will be leading Aon Trade Credit as head of the international team in the UK and brings over 20 years experience in credit insurance. He commented: “Global CEOs and risk managers face the challenge of grasping not only how their company is operating in several countries but also the health of their customers. Bad debt could spiral from one country to hit the parent so international businesses need to adopt a more sophisticated way of monitoring cashflow. In response, our team has evolved to provide a global outlook with local contact.”

The launch of international team forms part of Aon Trade Credit’s strategy to specialise in the SME, corporate and global sectors, with industry expertise in construction, paper, media, electronics, steel and food & drink.

Ends

For more information contact:
Alexandra Lewis
020 7882 0541
Alexandra.lewis@aon.co.uk
http://aon.mediaroom.com

About Aon
Aon Corporation (NYSE: AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 37,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007 and 2008, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007 and 2008 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.

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