Aon names CEOs for combined capabilities
Aon names CEOs for combined capabilities | Insurance Business Asia
Insurance News
Aon names CEOs for combined capabilities
New structure part of longstanding company strategy
Insurance News
By
Terry Gangcuangco
As part of its Aon United strategy, Aon Plc has appointed chief executives for its restructured risk capital and human capital capabilities.
Risk capital, which spans commercial risk and reinsurance, will be led by Andy Marcell with immediate effect. Human capital – under which Aon’s health, wealth, and talent solutions are now integrated – will be headed by Lambros Lambrou. Both CEOs will continue to report to Aon president Eric Andersen.
Commenting on the new structure, Aon chief executive Greg Case said in a release: “Our firm is continuously evolving to better serve clients, and this announcement is further proof of the progress we’ve made on our Aon United journey.
“Lambros and Andy are exceptional leaders who always put the client at the centre of our approach and work across the firm to deliver the best Aon has to offer. Our ability to rotate them into broader, more integrated leadership roles will create exciting new opportunities for colleagues and unlock new forms of value for clients.”
New responsibilities
The move will see Marcell take charge of the company’s unified risk capital capabilities as, according to Aon, the company expands the application of traditional reinsurance solutions to its corporate client base.
The risk capital CEO will also oversee the creation of an advanced risk analytics team as Aon increases investment in predictive data modelling. The new team will consist of data scientists and technologists from across Aon’s commercial risk and reinsurance solutions units.
“Andy is a proven performer who has reinforced Aon’s leadership position in the reinsurance space, while also pioneering the application of reinsurance risk management strategies to our commercial client base,” noted Andersen.
“This move is intended to build on that momentum and bring together a unified risk analytics team to create new market capacity for long-tail risks like climate and cyber.”
Meanwhile Lambrou, as chief executive of the combined human capital capabilities, will work with global leaders across the health, wealth, and talent teams. The goal is to strengthen the connection between Aon’s risk capital and human capital capabilities.
Andersen highlighted: “Lambros brings a track record of innovation, and a unique combination of highly relevant risk experience and people leadership skills to his new role.
“Putting Lambros in this role further expands the definition of ‘core’ business at Aon and sends an important signal to our colleagues, and the marketplace, about Aon’s rapidly evolving human capital capabilities and how we intend to connect and grow our portfolio.”
Prior to the restructure, Marcell served as CEO for both risk capital and reinsurance solutions, while Lambrou was chief executive for both human capital and commercial risk solutions.
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