Aon Benfield and SCOR scooped the overall honours in the 2011 Reinsurance Magazine awards the results of which were announced today.

The magazine’s broker readership was asked to vote for the reinsurers they believed have delivered the best products and service over the past year and underwriters were asked to do the same with the brokers.

There were also two awards for the Reinsurance and Broking Initiatives of the Year.

In the reinsurance category SCOR was voted Reinsurance Company of the Year with the Facultative Reinsurer of the Year award going to Munich Re. Swiss Re came top of the poll for Treaty Reinsurer of the Year.

The Reinsurance Initiative of the year was won by industry wide-European catastrophe data provider Perils. In September the organisation announced that the total limits placed based on its data had exceeded $2.5bn.

In the Broker categories Aon Benfield won Reinsurance Broker of the Year while Facultative Reinsurance Broker of the Year was won by Cooper Gay.

Guy Carpenter scored a double winning the Treaty Reinsurance Broker of the Year award and the Reinsurance Broker Initiative of the Year award for their collaboration with analytics provider Eagle Eye to create a tool to enable its clients to  more effectively segment, select and price insurance risks.

Reinsurance Magazine Editor Jon Guy said; “We were delighted that so many of the market took time to play their part in the voting process. The aim was always to create a broad and independent view of which companies had delivered what their peers in the industry believed was a market leading performance.

“We would like to thank those who participated in the voting. Those who won can rightly say they have the respect and admiration of the market.”