Management Consulting
Aon
Full Credential Description
Aon partnered with Goldman Sachs to launch a new investment service aimed at addressing the specific challenges faced by captive insurers, particularly in the context of low global interest rates and the operational burdens of asset management. Captive insurers often struggled with low or negative returns due to a conservative investment approach, holding significant portions of their assets in cash deposits. This situation was exacerbated by the COVID-19 crisis, leading to a pressing need for better investment strategies. The tailored solution provided by Aon included a comprehensive investment platform that offered captives access to a range of Aon buy-rated mutual funds and other high-quality investment opportunities. The service combined Aon's strategic advice and fund research with Goldman Sachs' advanced technology, specifically the Liquidity Solutions Portal, Mosaic. This platform allows captives to manage their assets efficiently, providing features such as an easy-to-use web portal for asset management, support for executing trades, and a comprehensive reporting suite to simplify regulatory compliance. Since its launch on October 1, 2020, the service has positioned itself as a one-stop shop for captives, enabling them to diversify their investments into more lucrative areas like money-market and bond funds without the need for extensive in-house resources. The collaboration aims to enhance investment outcomes for captives while alleviating the operational and compliance burdens typically associated with portfolio management.