Released on: November 27, 2007, 10:41 pm

Press Release Author: Reuben Aitchison

Industry:

Press Release Summary: Aon Re Global Fac has announced the launch of a dedicated
Residual Value Insurance (RVI) Centre of Excellence.

Press Release Body: Aon Re Global Fac has announced the launch of a dedicated
Residual Value Insurance (RVI) Centre of Excellence.

Based in London, Martin Welsh and Robert Prince will form the new team to handle RVI
business exclusively.

Martin Welsh commented: "Due to added underwriting capacity and increased demand,
RVI is a growing class of business, taking in areas of asset based finance including
aviation, marine, energy, plant & equipment, power plants, factories, commercial
real estate, rolling stock and the automotive industry.

"RVI provides the client and / or their financiers with certainty of an asset value
for a pre determined time in future, an invaluable means of balancing exposures in
volatile markets".

RVI can be used as a powerful financing tool to help with securing finance and / or
enhancing financial arrangements. By being included in financing deals RVI can
provide leverage to improve overall finance terms. It is also used to deliver
financial benefits in the form of balance sheet protection.

The RVI Centre of Excellence will sit within Aon Re Global Fac, a division of the
world's largest reinsurance broker, Aon Re Global.

Aon UK is ranked by A.M. Best as the number one global insurance brokerage based on
brokerage revenues and voted best insurance intermediary, offering classic car
insurance, high value home insurance, entertainment
and media insurance and construction site insurance.


Web Site:
http://www.commercialservices.aon.co.uk/commercialservices/microsites/entertainment/


Contact Details: directory@vandelay.co.uk