Aon appoints Reville as MD, Casualty Catastrophe Market Leader for Risk Capital

Global broker Aon has announced that it has appointed Bob Reville as Senior Managing Director and Casualty Catastrophe Market Leader within its Risk Capital division, effective July 15th.

In his new role, Reville will report to Amanda Lyons, Global Product Leader for Aon’s Reinsurance Solutions.

Bringing deep expertise in casualty modeling and predictive analytics, Reville will help Aon’s insurer clients navigate emerging and established risks across product and environmental lines.

In his new role, he will support companies in capturing growth opportunities as client needs continue to evolve around particular exposures such as PFAS contamination and social inflation.

Reville joins Aon from Moody’s, where he served as Head of Casualty Market Development. He also co-founded Praedicat, an InsurTech risk modeling and analytics company for casualty re/insurers, previously serving as the firm’s CEO.

Lyons commented on the appointment: “Bob brings deep expertise in extreme liability risk and advanced analytics that will help our clients better understand and respond to exposures driven by large-scale liability events. This is an exciting step forward in strengthening how we bring together casualty expertise, analytics, and market innovation to solve increasingly complex client challenges.”

Addressing his new role, Reville said: “We are building a casualty catastrophe market for latent risk that can match the property catastrophe market, expanding coverage and opening new opportunities across the insurance and capital markets. Aon’s ability to connect capital to risk supports this ambition, and I’m excited to work alongside such entrepreneurial, client-focused colleagues.”

In the past, Reville has noted that the capital markets has historically avoided the casualty space due to the extremely long-tail nature of the risks, which can tie up invested capital for decades.

However, in recent years, the casualty insurance-linked securities (ILS) space has gained swift momentum, as investors have increasingly become more willing to deploy more capital into the space.

Just last year, Aon and Moody’s Insurance Solutions announced an expanded casualty reinsurance collaboration aimed at helping capital allocate more efficiently to casualty risk.

The casualty ILS market’s momentum was also highlighted last year by King Ridge Capital Advisors LLC, a specialist ILS investment manager, which noted that the space is gaining traction with investors familiar with private credit structures while offering diversification away from credit-linked risks, while recent analysis from S&P shows that casualty sidecars are proliferating.