October 24, 2014 5:35 AM ET

Insurance

Company Overview of Aon Benfield Group Limited

Company Overview

Aon Benfield Group Limited provides reinsurance intermediary and capital advisory services internationally. It offers accident and health, alternative risk transfer, aviation and casualty, binding authority, property retrocession, and terrorism reinsurance services, as well as property reinsurance; credit and financial risks and facultative reinsurance services; and kidnap and ransom reinsurance services to protect against potential accumulations for kidnap, detention, extortion, hijack, and ransom. The company also advises on and transacts various marine classes, including specific and retrocession excess of loss, proportional, stop loss, reinstatement premium protections, whole account, lo...

55 Bishopsgate

London,  EC2N 3BD

United Kingdom

Founded in 1973

1,992 Employees

Phone:

44 20 7088 0044

Fax:

44 20 7578 7001

Key Executives for Aon Benfield Group Limited

Co-Chief Executive Officer and Chief Executive Officer of Americas Operations
Executive Chairman
Age: 64
Chief Operating Officer and Chief Financial Officer
Chief Executive Officer of Investment Banking Group
Age: 51
Chief Executive Officer of Aon Benfield Facultative
Age: 42
Compensation as of Fiscal Year 2014.

Aon Benfield Group Limited Key Developments

Aon Benfield Appoints Luis Jose Pardo as CEO of its Business in Peru

Aon plc announced the appointment of Luis Jose Pardo as CEO of its business in Peru. Luis Jose Pardo will report to Alejandro Galizia, CEO of Aon Benfield Latin America. In this role, Luis Jose Pardo's responsibilities will include driving new business growth in Peru, managing client teams, and creating and maintaining a robust business environment that is supportive to optimizing client results.

Aon Benfield Appoints Alejandro Galizia as CEO of Aon Benfield Latin America

Aon Benfield has appointed Alejandro Galizia as CEO of Aon Benfield Latin America. In his new role Galizia's responsibilities will include driving business growth, managing client teams, and creating and maintaining a business environment that is supportive to optimizing Latin America client results. He will report to William Farmer, Vice Chairman Aon Benfield. Alejandro started his career in 1989 at Sul America Group as Reinsurance and Special Business Manager. He joined Aon Group in 1996 as Commercial Director and was appointed CEO of Aon Re Argentina in 2000. From 2004 to 2008 he was in charge of the South Region of Aon Re Latin America, and has since occupied several executive positions for Aon Benfield in the region.

Appeals Court Rules in Favor of HCI Group Inc. on Breach of Contract Dispute with Aon Benfield

Aon Benfield lost its appeal to overturn a lower court ruling in connection with its 2009 revenue sharing agreement with HCI Group Inc. HCI Group sued the company after it refused to share the revenues that it received from placing HCI Group's reinsurance coverage after HCI Group elected to use another intermediary. The company argued that the revenue sharing agreement contained a forfeiture clause that said no shared revenue would be payable any time after HCI Group decided to terminate or replace the company. HCI Group said the agreement was never intended to be more than a one-year deal and that the asserted forfeiture provision was ambiguous. The federal court in Chicago ruled in favor of HCI Group. The company appealed the ruling, arguing that the language of the agreement was not ambiguous. However, the U.S. Court of Appeals found that the language of the agreement was ambiguous and the interpretation that the company sought was 'problematic because it leads to an impossibility' and unreasonable.

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