Aon Benfield, the worldwide reinsurance middleman and
capital guide of Aon p.c, introduced that it has received the complete
portfolio of in-pressure business of Sipex insurance and Reinsurance brokers
SA, an coverage and reinsurance broker primarily based in Switzerland, which
focuses on Continental ecu marine hull business.
“The in-force portfolio will stay managed and administered
by the Sipex crew led by using Sipex President, Giorgio Mitolo,” stated the
assertion. “The team will transfer to the brand new Swiss branch of Aon
Benfield Italy SpA, which has been particularly constituted for this purpose.
“below the phrases of the agreement, the run-off portfolio
of Sipex, which does not shape part of the acquisition, will be administered by
using Aon Benfield Italy SpA for and on behalf of Sipex. The pass reinforces Aon Benfield’s method of
making an investment in a global community and capabilities, and could offer a
further strategic enterprise platform for the Aon Benfield Italy
crew.”
Gianluca Venturini, Chairman of Aon Benfield Italy,
commented: “The obtained e book of Sipex commercial enterprise might be highly
complementary and accretive to Aon Benfield Italy’s
current marine portfolio. in addition, the mixture of the 2 entities, headed by
way of Alberto Marcon and Giorgio Mitolo, will create vast new commercial
enterprise possibilities for Aon Benfield and empower consequences for its
valued enterprise partners.
“the acquisition of the in-force portfolio, together with
the creation of the Swiss department, will provide Aon Benfield Italy mainly,
and the broader Aon group, with an interesting new platform within the an
increasing number of vital expert marine enterprise section from which to
launch strategic boom tasks in the major continental marine markets.”
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