Aon Risk Solutions, the global risk managementand insurance brokeragebusiness of AonCorporation (NYSE: AON), today announced the Hong Kong opening of its space insurance practice, International Space Brokers.
The world’s leading specialist space insurance broker’s senior vice president and regional director for Asia, Craig McGilvray, will be based in Hong Kong and will assume responsibility for ISB’s new Asia-Pacific division. McGilvray joined ISB in 2006 and was previously based in Brisbane, Australia, where he developed numerous financial and insurance solutions for many top Australian companies and established an extensive financial network within Australia and Asia. McGilvary will also have responsibility for the marketing of space risks to the Asian space insurance community.
“The opening of the Hong Kong operation is a game changer that will consistently improve execution and success with customers, markets and prospects,” stated McGilvray. “Furthermore, it allows us to centralize our efforts, streamline our approach to the region by improving access and focus on the enormous potential contained within the Asian region.”
ISB Chief Executive Officer Jeffrey Poliseno commented: "The decision to create a presence in Hong Kong was in direct response to those clients and prospects in the region that have called upon the insurance brokerage community to have subject matter experts locally based. Hong Kong is a pivotal hub in Asia and we are thrilled to further enhance our servicing capability and product offering within the Asia-Pacific region.”
Thierry Mangot, chairman of ISB, added: "This strategic investment not only demonstrates the commitment of Aon to the Asia-Pacific region, but reflects its dedication to contribute to the fantastic growth of the regional space industry. Our customers in the region will benefit from the resources allocated to our new office in Hong Kong as their needs are addressed in a timely and efficient manner."
In addition to its Hong Kong operations, ISB maintains a presence in Washington, DC, London, Paris and Madrid.
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