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Cooney returns with Aon Capital Markets role

Aon Corp has hired the former Max Re chief executive Bob Cooney as managing director of its Capital Markets division, the unit which provides structured finance and capital markets products to the (re)insurance industry.

Cooney, who founded Max Re in 1999, will also take on the role of vice chairman of Aon Re Global. Based in Bermuda he will be responsible for originating capital market and financial advisory transactions on the island and in the UK.

Welcoming Cooney, Michael O’Halleran, executive chairman of Aon Re Global, explained: “An industry expert with a proven track record in reinsurance and capital markets, Bob further strengthens our unique ability to provide clients with integrated capital solutions and services.”

Cooney resigned from the Bermudian (re)insurer in October 2006 after the company revealed it had reopened investigations into two finite reinsurance deals. Before founding Max Re he held several senior management positions with XL Capital.

Cooney will report to Paul Schultz, president of Aon Capital Markets, who added: “Bob brings a significant amount of expertise and proven executive leadership ability to Aon Capital Markets. We are excited to have someone of Bob's calibre join our rapidly growing capital markets and financial advisory business. He will play a valuable role in helping us to continue to define our unique space in the insurance industry.”

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