Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation, today celebrates the 50th anniversary of its Thailand operations.
The firm’s Thailand division was established as IBEC RBH Center on March 28, 1961 in response to a period of rapid growth in Thailand’s insurance industry, and has since provided on-the-ground expertise to both domestic clients and international markets.
During its 50-year history, the division has undergone several transformations before finally becoming Aon Benfield Thailand in December 2008. It is now Thailand’s largest reinsurance broking organization across both facultative and treaty business.
Vinod Krishnan, Executive Director of Aon Benfield Thailand, commented: “During the 50 years of our Thailand office, we have demonstrated our ongoing commitment to our Thai clients, who have appreciated our presence, knowledge and skills in the local and worldwide markets. We continually bring to our clients the full spectrum of Aon Benfield’s global offering, including our sophisticated financial and catastrophe modeling tools, rating agency services, and dynamic portfolio analysis solutions, and we are always working on their behalf to ensure they achieve their unique business objectives.”
Aon Benfield Thailand recently became the first intermediary to introduce life reinsurance services to the Thai market, and remains the only global intermediary with a fully-fledged reinsurance office in the country.
The division will be hosting a cocktail event to mark its 50th anniversary celebrations, which will bring together all its Thailand clients, and key domestic and international markets.
In addition, all clients will receive a personal letter of thanks for their support throughout the numerous transformations of the business over the past 50 years, which are outlined below:
– March 1961 IBEC RBH Insurance Center Ltd.
– May 1967 Rolibec International (Thailand) Ltd.
– July 1975 Rollins Heath (Thailand) Ltd.
– July 1978 H L R Re Ltd.
– Oct 1985 HH L Re Ltd.
– July 1996 Aon Re (Thailand) Ltd.
– December 2008 Aon Re (Thailand) Ltd, trading as Aon Benfield Thailand
Source : Aon Benfield Press Release
