GLOBAL - Aon International Risk Management Group has appointed Barclays Global Investors as the asset manager for a new cash fund.
AIRMG is the captive management and risk finance consulting arm of Aon Corporation and the world’s largest manager of captive insurance companies.
The fund will trade in ‘Aon Captives Share Class’. AIRMG will offer exclusive access to the fund to its 1000 plus insurance company clients, which in aggregate have over $40bn in total assets. The groundbreaking partnership between AIRMG and Barclays Global Investors is a first in the global captive insurance market. The one stop shop formula approach combines the unique strengths of AIRMG and Barclays Global Investors to the benefit of investors. In addition, Barclays will offer economically priced letters of credit facilities for AIRMG’s clients.
The new cash fund will be managed through pooled funds with clients’ assets placed into a single Aon cash fund.
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