Aon names chief executives for combined capabilities

Aon Appoints CEOs for Combined Capabilities | Insurance business America

New structure in line with the company’s long-standing strategy

insurance news

By Terry Gangcuangco

As part of its Aon United strategy, Aon Plc has appointed chief executive officers for its restructured venture capital and human capital capabilities.

Venture Capital, covering 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 led by Lambros Lambrou. Both CEOs will continue to report to Aon Chairman Eric Andersen.

Commenting on the new structure, Aon CEO Greg Case said in a statement: “Our firm is constantly evolving to better serve clients, and this announcement is further proof of the progress we have made on our Aon United journey.

“Lambros and Andy are exceptional leaders who always put the customer at the center of our focus and work across the company to deliver the best that 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 over the company’s unified venture capital capabilities as, according to Aon, the company expands the application of traditional reinsurance solutions to its corporate client base.

The venture capital CEO will also oversee the creation of an advanced risk analytics team as Aon increases investment in predictive data models. The new team will be comprised of data scientists and technologists from all of Aon’s business risk and reinsurance solutions units.

“Andy has a proven track record that 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,” Andersen said.

“This move aims to build on that momentum and bring together a unified risk analytics team to create new market capability for long-tail risks like weather and cyber.”

Meanwhile, Lambrou, as CEO of the combined human capital capabilities, will work with world leaders on the health, wealth and talent teams. The goal is to strengthen the connection between Aon’s venture capital and human capital capabilities.

Andersen noted: “Lambros brings a track record of innovation and a unique combination of highly relevant risk expertise and people leadership skills to his new role.

“Placing Lambros in this role further broadens the definition of ‘core’ business at Aon and sends an important signal to our colleagues and the market about Aon’s rapidly evolving human capital capabilities and how we intend to connect and grow our portfolio. ”.

Prior to the restructuring, Marcell served as executive director of venture capital and reinsurance solutions, while Lambrou was executive director of human capital and commercial risk solutions.

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