Aon has made two senior appointments within its Aon Insurance Managers arm in Bermuda, with a new Managing Director of the operation and a new Head of its White Rock activities on the island.
Aon Insurance Managers (AIM) is the specialist unit of the global insurance and reinsurance broker that deals with insurance management, which includes commercial, captive, collateralized reinsurance and insurance-linked securities (ILS) structures.
The appointments are both within the Aon Insurance Managers (Bermuda) Ltd. entity, that manages these operations on the island.
First, we’ve learned that Séadna Kirwan is being appointed as the new Managing Director of Aon Insurance Managers (Bermuda) Limited, subject to immigration authority approval.
Kirwan will now lead the Aon Insurance Managers operation in Bermuda, taking over from Anup Seth who departed recently.
He has over 18 years of experience working at Aon, with roles in Dublin for the AIM division between 2004 and 2015, after which he moved to Bermuda and was most recently Risk Advisory Director, AIM.
As a result, he’s been a member of the executive leadership team there for some years now, alongside George Leite, Choisel Murray, and Dawn Simons.
We’ve also learned that William Luu, who has lead the AIM collateralized reinsurance focused team in Bermuda as a Vice President for over two years now, takes on the role of Head of White Rock, Bermuda.
Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts company White Rock Insurance (SAC) Ltd. is widely used for collateralized reinsurance and ILS transactions, including private catastrophe bonds.
It provides clients with a range of insurance solutions structured within Protected Cell, Incorporated Cell and Segregated Account facilities.
As a result the vehicle is utilised by ILS markets and funds that are seeking cell company solutions for transacting fully collateralised reinsurance business.
Luu will now take the lead on White Rock activities in Bermuda, having already been heavily involved in driving profitability of Aon’s activities in collateralized reinsurance and other ILS transactions that utilise the vehicle.