On 26 April 2016, Aon Risk Solutions (Trade Credit Team) invited prominent business leaders from the financial industry such as HSBC, DBS, Lloyd’s Banking, VISA Worldwide and more to an exclusive event held in The Boardroom of The Westin Hotel at Asia Square.
This event was a collaboration between Aon and Euler Hermes, the latter being a prominent Trade Credit Insurer and key Aon partner.
The guests were welcomed and the session was opened by Hugh Burke, from Aon Trade Credit.
Pertinent issues and topics were shared such as key consideration in capital optimisation as well as a presentation on Aon’s updated global financial institutions product suite by Steve Taylor.
Helen Clark chaired the round table discussion where pertinent subjects were raised and discussed, such as the relevance of Trade Credit Insurance throughout the economic cycle, how businesses can navigate the commodity market in Chinaand how banks and insurers can work more closely together.
This was a flagship event for both Aon and Euler Hermes with numerous senior colleagues from both organisations attending and supporting. Special mention to Pieter Van Ede and Steve Taylor who made a fantastic effort to support the Aon Asia team by travelling all the way from Denver and London respectively.
The session was rounded off nicely with a cocktail reception in the luxurious Cook and Brew Restaurant located at level 33 of The Westin.
Philipp Merton from Commerzbank AG thanked Aon for organising a “great event”.
“It’s good to hear about the potential [Trade Credit Insurance] offers for capital optimisation”, said Mark Goodger from Mizuho Bank.
As Peter Solomon from Aon Trade Credit revealed, “This is the first time we have hosted an industry specific Aon Insights Event and it is fitting that the sector we chose is banks and financial institutions as this is what drove, and is still driving, our growth in recent years.”
He added that Aon was delighted to welcome 13 different institutions to discuss their insurance needs and how Aon could lead market innovation.
The positive feedback from the attendees can be best summarised by Abhijit Sinharoy, from Visa Worldwide, who shared, “The session is really useful for us as an organisation exploring trade credit for the first time.”
With such positive response from this select pool of prospects and clients, the trade credit team is certainly looking forward to building on this session in the weeks and months ahead.