American food giant Kraft Heinz has appointed Aon to provide investment services to its Dublin-domiciled captive Noble Insurance Company. Noble was formed in 1994 and is managed by Aon. Aon’s global investment division will partner with Goldman Sachs to provide a ‘one-stop shop’ of investment services.
“Liquidity management is critical to the safe operations of all insurance entities and we continue to see significant interest in the array of cash management solutions and technology services offered by the Mosaic portal,” said Michael Siegel, global head of the insurance and liquidity asset management businesses at Goldman Sachs. “We look forward to broadening our work with Aon as it continues to provide its expansive array of solutions to the captive and insurance world.”
Tim Currell, partner and head of insurance solutions, Global Investment at Aon, said: “We look forward to building on this foundation – the service already has a strong pipeline of interest both in Ireland and in the other locations where we are planning to make it available in the coming months.”