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16 August 2021
Ireland
Reporter Rebecca Delaney

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Kraft Heinz selected Aon to provide investment service to Irish captive

Aon has been selected by Kraft Heinz to administer an investment service for captive insurers to Noble Insurance Company DAC, its captive subsidiary.

Based in Ireland, Noble provides insurance coverage to the food and beverage company domiciled within the European Union.

Noble will receive the service from Aon in partnership with Goldman Sachs, designed to simplify the process in which captive insurers identify and access appropriate, high-quality and high-yield investments.

The captive company will also receive strategic advice on the captive’s investment strategy, fund research and execution services from Aon’s global investment team, as well as Goldman Sachs’ liquidity solutions portal which provides a one-stop shop for captives to manage their assets, trade Aon-rated funds chosen for captives, and automate their reporting.

Tim Currell, partner and head of insurance solutions, global investment, Aon, comments: “We are confident that the various features of the service will enhance Noble’s investment arrangements and outcomes, now and into the future.”

“We look forward to building on this foundation, as 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.”

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