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Best's Review presents its second annual listing of top global reinsurance brokers with in-depth looks at leading firms' results and strate[4cut] gies. The information was provid[4cut] ed by the companies to Best's Revieiv reporters. Three of the listees-Aon Re Global, Guy Garpenter & Co. and Willis Re - are divisions of 20 brokers ranked in Best's Review's Top Global Brokers, published in the July 2008 edition.
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1. Aon Re Global
Brokerage Revenues 2007: $958 million
Top Executive: Michael D. O'Halleran, Executive Chairman
Aon Center, 200 E. Randolph St., Chicago, IL 60601
Phone: 312-381-5300
www.aon.com
Top Lines: Treaty and facultative; property and casu[4cut] alty; accident; health
Developments in 2007: The launch of Aon Re Global Fac brought a wider geographical reach and a greater sophistication in services, notably in such areas as casualty, terrorism and construction. Creation of a London-based Residual Value Insurance Center of Excel[4cut] lence announced. Beefed up executive strength in newly created Aon Re Global-EMEA, to serve Europe, the Middle East and Africa.
Strategy in 2008 & 2009: Continuing to promote the value of its Inte[4cut] grated Capital Solutions and Services. Acquisition of the U.S. and U.K. reinsurance brokerage of Arthur J. Gallagher and acquisition of Peru[4cut] vian Reinsurance broker Cosegur Re underlined appetite for growth.
2. Guy Carpenter & Co.
Brokerage Revenues 2007: $902 million
Top Executive: Peter Zaffino, President and Chief Executive Officer
1 Madison Ave, 4th Floor, New York, NY 10010-3658
Phone: 917-937-3000
www.guycarp.com
Top Lines: Property catastrophe; general property; general liability
Developments in 2007: Expanded its risk management platform to include workers' compensation, and accident and health. Collaborated in the development of powerful forecasts and launched an index-based product to help manage property...