Cordea Savills, the international property fund manager, has appointed Aon, the insurance broker, to consolidate its current insurance arrangements into a Pan European insurance programme, following an extensive tendering process.
Cordea Savills had previously taken a decentralised approach to insurance, allowing its local offices and property managers to arrange insurance with various insurance brokers and insurers. Aon will be responsible for converting this into a consolidated pan European programme to achieve consistent coverage and competitive premiums.
Bill Hackney (COO) from Cordea Savills, commented: “We look forward to expanding our relationship with Aon, who we’ve previously worked with in the Nordic region. We believe the new programme will enable our clients to maximise their purchasing power whilst mitigating their insurable risks.”
John Johnson, client director at Aon, added: “We’re thrilled that our experience of managing Pan European programmes, coupled with Aon’s European network, has been recognised by Cordea Savills. We’re looking forward to using this expertise to achieve the rationalisation of their insurance arrangements.”
