Aon International Risk Management Group (Airmg), the captive management and risk finance consulting arm of Aon Corporation, has appointed Barclays Global Investors to manage its new cash fund.

Airmg will offer exclusive access to the fund to its over 1000 insurance company clients, which in aggregate has over $40bn (€43.7bn) in assets. The fund will be managed through pooled funds with clients' assets placed into a single Aon cash fund run by BGI.