Insurance and reinsurance broking giant Aon has named John English as the new Chief Executive Officer (CEO) of the firms Captive & Insurance Management business, a unit that includes teams looking after numerous insurance-linked securities (ILS) structures and vehicles.
The Aon Captive & Insurance Mangement business is one of the leading insurance managers and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space.
The units previous CEO Peter Mullen departed after seven years with Aon to head back to competitor Artex recently.
Aon has now lined up a long-standing leader to take over and manage the captive, insurance and ILS structural management activities going forwards.
John English, currently the Chief Operating Officer of Aon Captive & Insurance Management & Managing Director of Aon Captive & Insurance Management EMEA will take on the CEO role of Aon Captive & Insurance Management with effect from 1st June 2018.
He has worked for Aon for 10 years and has in excess of three decades of global experience across insurance, reinsurance and providing solutions for the alternative capital markets.
Rory Moloney, Chief Executive Officer, Aon Global Risk Consulting, commented on the news, “John’s diverse geographical experience, extensive knowledge of the captive industry and deep understanding of client needs means he is perfectly positioned to deliver innovative and market-leading solutions to clients.
“John’s focus on key initiatives, including the use of data and analytics within our core captive management proposition and the development of our White Rock and Insurance Linked Securities Management business, will help the firm reinforce our leadership in terms of innovation and value creation.”
English will continue to work out London for Aon, reporting directly to Rory Moloney and working closely with the global leadership teams across Aon’s Risk business.
The provision and management of vehicles, structures and ready-made platforms for transacting ILS and collateralised reinsurance business is a profitable area. With global brokers, like Aon, having the risk origination angle as well, the integration of these services into a global risk management and risk transfer offering is likely to increase in importance.
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