Reinsurance intermediary and capital advisor Aon Benfield (London) announced that it will transfer further operational work to London-based global business processor Xchanging. The new contract is for seven years and is an extension to Aon's existing contract with Xchanging for insurance broking services. This additional outsourcing is in support of the December 2008 merger between Aon Re Global and Benfield.
"We are delighted that Xchanging has been chosen to support Aon Benfield," noted Stewart McCulloch, Head of Xchanging UK, in a statement. "This agreement confirms the significant attractions of our Broking processing platform established in 2006 and reinforces Xchanging's position as the leading provider of outsourced commercial insurance services."
Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio