To drive growth by bringing broker advocacy to the Life market, Aon recognised the opportunity to invest in a new Life practice group. This will build upon our existing expertise in the business – including our innovative annuity transactions and PathWise® platform – to help clients achieve the most effective balance sheet management through a bespoke blend of reinsurance solutions, risk mitigation and capital optimization.
Based in London, Colin will draw upon his extensive market experience to bring together Aon’s regional resources to maximize the power of its global Life capability and grow revenues. He will develop and manage the firm’s long term vision to increase cooperation across regions and Solutions Lines to deliver an integrated and consistent global offering to grow Aon’s global market share.
A Life actuary for 20 years with considerable experience supporting large global reinsurers, Colin joined Aon in 2015. He was previously at Swiss Re where he was a director in the Life and Health business management team.
Colin will report to Nick Frankland, UK CEO of Aon’s Reinsurance Solutions business, who has Executive Committee responsibility for the new Life Specialty practice.
Nick commented: “Low interest rates are hindering Life insurers’ ability to yield sufficient returns, while they navigate IFRS, Solvency II and Brexit in a challenging market environment. This means we have an exciting opportunity to support clients through our analytics, product innovation and the advantages of broker advocacy.”
Andy Marcell, CEO of Aon’s Reinsurance Solutions business, added: “The formation of this new Global Specialty practice demonstrates and underlines our belief in the changing dynamics of the Life market and the objective value a broker can bring. It further supports our strategy of building our Specialty Practices to better link our resources around the world.”
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