Bangkok, 29 March 2011 – Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation (NYSE:AON), yesterday celebrated the 50th anniversary of its Thailand operations.
The firm’s Thailand division was established as IBEC RBH Center on March 28, 1961 in response to a period of rapid growth in Thailand’s insurance industry, and has since provided on-the-ground expertise to both domestic clients and international markets.
During its 50-year history, the division has undergone several transformations before finally becoming Aon Benfield Thailand in December 2008. It is now Thailand’s largest reinsurance broking organization across both facultative and treaty business.
Vinod Krishnan, Executive Director of Aon Benfield Thailand, commented: “During the 50 years of our Thailand office, we have demonstrated our ongoing commitment to our Thai clients, who have appreciated our presence, knowledge and skills in the local and worldwide markets. We continually bring to our clients the full spectrum of Aon Benfield’s global offering, including our sophisticated financial and catastrophe modeling tools, rating agency services, and dynamic portfolio analysis solutions, and we are always working on their behalf to ensure they achieve their unique business objectives.”
Aon Benfield Thailand recently became the first intermediary to introduce life reinsurance services to the Thai market, and remains the only global intermediary with a fully-fledged reinsurance office in the country.
The division will be hosting a cocktail event to mark its 50th anniversary celebrations, which will bring together all its Thailand clients, and key domestic and international markets.
In addition, all clients will receive a personal letter of thanks for their support throughout the numerous transformations of the business over the past 50 years, which are outlined below:
– March 1961 IBEC RBH Insurance Center Ltd.
– May 1967 Rolibec International (Thailand) Ltd.
– July 1975 Rollins Heath (Thailand) Ltd.
– July 1978 H L R Re Ltd.
– Oct 1985 HH L Re Ltd.
– July 1996 Aon Re (Thailand) Ltd.
– December 2008 Aon Re (Thailand) Ltd, trading as Aon Benfield Thailand
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.
David Bogg
Aon Benfield
t: +44 (0)20 7522 4016
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
Access international media contacts, the full library of Aon media releases, and a media kit with fact sheet and executive bios, via links below.