Aon picks up BT captive

Aon Insurance Managers has been appointed as captive manager to the BT Group captive, Communicator Insurance Company.

The captive has moved from being self-managed and will take advantage of Aon’s expertise plus other benefits of outsourcing, including improved business continuity and succession planning, plus direct access to Aon’s suite of risk financing products.

As part of the move, Communicator’s senior management – with a combined 45 years’ experience in captive management and insurance – have joined the AIM IOM team to service both the Communicator account and other AIM IOM managed captives domiciled in the Isle of Man:

Gary Crease has been appointed as executive chairman for AIMIOM and was formerly general manager of Communicator. Prior to joining Communicator, he was the managing director of Sedgwick Isle of Man (now Marsh).

Dave Picken takes the role of director of finance & accounting for AIMIOM. He was accounting manager of Communicator and also joined from Sedgwick.

Kip Berkeley-Herring, group risk manager at BT, said: “I firmly see this as a real win-win development for all concerned. We look forward to a long lasting and fulfilling relationship based on these changes.”

Andrew Tunnicliffe, chief operating officer at Aon Global Risk Consulting, said: “We’re seeing the trend for more companies opting to outsource their captive management to take advantage of the efficiencies and wide ranging skills that are available within a leading captive management organisation, such as Aon Global Insurance Managers. It is a real coup for Aon to welcome Gary and Dave to the team.”