Aon has joined the Association of Bermuda Insurers and Reinsurers (ABIR), which represents the island’s major property and casualty insurers and reinsurers.
As one of the world’s largest insurance and reinsurance brokers, Aon has a history of significant presence in the Bermuda market, having launched captive and insurance management operations in the domicile in 1970.
At present, Aon has more than 160 Bermuda-based employees across risk management, risk transfer, consultancy, and insurance and reinsurance broking.
As an ABIR member, Aon will join global brokerages Marsh McLennan/Guy Carpenter, WTW and Lockton Re on the association’s broker advisory cabinet, which promotes collaboration among Bermuda’s leading insurers, reinsures and brokers.
Bermuda’s insurance and reinsurance marketplace is internationally recognised for its expertise in underwriting for catastrophe, climate, cyber and credit risk transfer products.
ABIR chairman Marc Grandisson comments: “Aon is one of the longest established participants in the Bermuda re/insurance market, and is a significant contributor to the continuing growth of our industry. I am pleased to welcome Aon to ABIR.”
Joe Rego, president of Aon Bermuda, adds: “Bermuda re/insurance capital represents a critical source of risk transfer capacity for our global client base. As we look to continue our growth trajectory in this marketplace, we are very pleased to join ABIR, an organisation that represents both key trading partners as well as thought leadership in the global re/insurance space.
“As we continue to drive innovation and product development in order to meet the evolving risk needs of our clients, we are excited to expand our partnership with the Bermuda re/insurance industry and ABIR in order to enhance Bermuda’s position as the “risk capital of the world”.”
