LONDON, 30 August 2006 – Aon Global Marine has pooled their cargo market expertise and launched a Global Cargo Group (GCG), ensuring clients will benefit through their worldwide network in this important yet often undervalued area of marine insurance.
Cargo insurance is often perceived as a commodity when it is in fact a specialised product which deserves and requires appropriate skills to design and place risk management and insurance programmes. Based on this ethos, Aon’s cargo experts from Asia, Europe and the USA are bringing together their worldwide market knowledge and broking talent.
The GCG aims to enhance current links between Aon’s cargo experts by formalising communication channels, establishing best practice on a global basis and developing innovative ideas for our clients to handle today’s cargo challenges.
Steve Allum, chairman of Aon Global Marine, said: “Our cargo clients will still work with their local contact who is available on their time zone, speaks their language and understands the local culture. However, on a day to day basis, the cargo owner will now also benefit from the global network supporting their local broker with market knowledge and understanding of regions with which they are trading.”
Panagiotis Tsakos, assistant manager of Aon Global Marine, added: “Our global hull and P&I groups have been running for over five years and we were keen to replicate this successful structure to communicate, collaborate and innovate in the cargo arena. We’re now working towards a global directory to enhance collaboration, and we’ve already established a benchmarking capability which is crucial to help clients better manage their risk.”
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