Aon Strengthens Graydon UK Closed User Groups

Aon Limited, the UKs largest insurance broker and risk management consultancy, has teamed up with Graydon to further strengthen the information and service provided within Graydons Computer Distribution and Steel sector closed user groups.

(PRWEB) April 1, 2005 -- Aon Limited, the UKs largest insurance broker and risk management consultancy, has teamed up with Graydon to further strengthen the information and service provided within Graydons Computer Distribution and Steel sector closed user groups. These closed user groups allow credit managers who are members of the groups to share their trade experiences of mutual customers, thus minimising the risk of slow payments and bad debt. The information gathered from members also enhances Graydons database, for the benefit of all its members.

Graydon is proud to welcome Aon as a sponsor of its well established Computer Distribution closed user group service, and the new Steel closed user group service run by Graydons subsidiary, Status Credit. Both of these trade sectors are significant users of credit insurance" says Martin Williams, Managing Director for Graydon UK. By working together in the future, Graydon and Aon believe that trade credit risk will be better managed in these channels, leading to commercial benefits for all parties concerned - from policyholders right through to the credit insurers themselves."

Chris Baker, Director of Aon Trade Credit, stated: We (Aon) are pleased to sponsor the extension of the closed user group to the steel / computer distribution sectors. Through the sharing of qualitative information and views on customers, credit managers can build their understanding of the risk of doing business, and take informed decisions about the appropriate level of credit and payment terms." He added: We believe that the improved information flows between closed user group members will lead to a deeper understanding of customer risk and give credit managers a greater insight into the best means of managing payment risk. This will strengthen their argument for achieving premium savings in credit insurance. We look forward to working with members to achieve their goals of using low-cost credit insurance to increase sales volumes and protect against bad debt."

About Aon Limited

Aon Limited is the UK arm of Aon Corporation (www.aon.com), a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. The company employs approximately 48,000 professionals in its 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

For additional information, http://www.aon.co.uk/tradecredit

About Graydon UK Limited

Graydon UK is one of the leading database information providers specialising in credit risk management. The company helps clients reduce the uncertainty of commercial risk by providing a high-quality package of credit scoring, credit rating and credit risk management services. Graydon provides access to credit information and reports on more than 60 million companies in more than 130 countries world-wide. The Graydon group is owned by Atradius, Coface and Euler Hermes, three of Europe's leading credit insurance organisations.

For additional information, http://www.graydon.co.uk

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