Aon, a provider of global risk management and consulting services, has formed a global partnership with Unilever to serve the needs of its business lines worldwide.

The agreement enables Unilever to approach its buying through the services of Aon’s risk management consulting, insurance brokerage and human capital benefits consulting.

The three-year contract is expected to help Unilever leverage Aon’s relationships with the marketplace by pooling all local insurance and employee benefits together with global programs, thereby allowing Unilever to reduce dependency on its own capital as well as benefit from bulk-buying opportunities and service efficiencies around the world.

Steve McGill, chairman and CEO of Aon Risk Services, said: This collaboration and integrated approach clearly demonstrates the significant depth and breadth of resources that Aon can bring to a major organization such as Unilever.

Pascal Visee, group treasurer for Unilever, added: It’s obviously prudent to have a practical and well-organized approach to risk management. An arrangement like this helps enable us to keep our business simple, whilst leaving experts like Aon to deliver our insurance and benefits needs worldwide and ensure compliance with all corporate governance standards.