Aon Brings New London Platform To Life – CEO Named
Aon Plc has rolled out a new platform in London called Alternative Distribution, which is aimed at providing clients with access to risk capital via fronting.
Effective in January 2021, QBE and Mitsui Sumitomo Insurance Group alumnus Graeme Rayner is coming onboard Aon to serve as Alternative Distribution chief executive. He will make the switch from Pioneer Underwriters, where Rayner was group director of underwriting.
Earlier this year, Pioneer agreed to transfer not only its ongoing underwriting portfolio but also its underwriting and support staff to K2 Insurance Services LLC for an undisclosed sum.
“We are immensely fortunate to have someone of Graeme’s proven calibre joining the firm at such a moment of opportunity for the entrepreneurial underwriting model in London,” commented Nick Frankland, UK CEO of Reinsurance Solutions at Aon.
“His appointment and the creation of the Alternative Distribution platform reflect Aon’s commitment to meeting client needs and building a market-leading proposition in the MGA (managing general agent) and third-party underwriting service sector.”
According to Frankland, the goal is to facilitate and improve capital deployment at a time when the market is undergoing significant challenges and change.
People Power: Building The Future Of Insurance One Career At A Time
The insurance industry is at a pivotal point. As emerging technologies reshape underwriting, claims processing, and cust... Read more
Private Equity's Great Divide: Is The Future Insurance-Funded Or Fee-Driven?
A fundamental shift is taking place at the top of the private equity industry. While firms like Blackstone remain commit... Read more
Japan's Next Battleground: The Insurance Sector Under Activist Pressure
Farallon’s push at T&D Holdings marks a shift in focus for activist capital targeting Japan’s untapped insurance... Read more
Cover And Conflict: Tensions Rise Between Insurers And Litigation Funders
Burford’s clash with Chubb signals a deeper rift in the legal-financial ecosystem A high-profile dispute between li... Read more
Underwater And Uninsured: How Climate Risk Is Reshaping The US Mortgage Market
As climate change intensifies, its effects are no longer confined to coastlines or news reports on extreme weather. In t... Read more
When The Raters Get Rated: What The Fitch–Kroll Feud Says About Oversight And Accountability
In a rare and unusually public confrontation between two of America’s credit rating agencies, a recent feud between Fi... Read more