To meet growing demand, global professional services firm Aon has strengthened its credit reinsurance offering by advancing a centre-led strategy to connect clients to capital through globally coordinated teams with local market reach.
As part of the development, Rupert Evans, Aon’s international head of credit and financial risk reinsurance, will relocate from London to New York to strengthen connections between customers and capacity providers in the United States and across the Americas.
“Evans’ move reflects North America’s growing importance in global credit and financial risk markets, while he will continue to work with clients across all regions to ensure the team’s strategies, relationships and market engagements remain globally aligned,” Aon observed.
Aon added that London will remain at the heart of its credit reinsurance strategy, building on its trade credit, structured credit, political risk and international guarantee capabilities.
The company added: “From this global hub, Aon will continue to serve clients in the UK, EMEA and Asia Pacific, supported by dedicated credit teams in Bermuda, Madrid, Paris, Rome, Tokyo, Warsaw and Zurich.”
Aon continued: “Led by global credit reinsurance leader Ben Walker, Aon’s Credit division includes dedicated teams focused on bank de-risking, North American guarantees and U.S. mortgage lending, reflecting the role of global credit (re)insurance markets in helping financial institutions manage risk and capital.
“Senior brokerage teams in each location will work with Evans and global credit chairman Nick Ayres to coordinate Aon’s credit reinsurance products across regions to provide clients with relevant insights and capital.”
The global professional services firm noted that its credit reinsurance hub strategy will result in more coordinated delivery of its core credit capabilities.
Reported client benefits include direct access to leading global and regional reinsurers, local insights into market dynamics, risk appetite and emerging trends, and coordinated placement strategies that leverage capabilities across multiple geographies.
Evans commented: “By creating a series of global hubs for our credit reinsurance teams, we are bringing insurers closer to the expertise, insights and reinsurance capabilities they need in an increasingly complex environment.
“This model allows us to respond more quickly to changing market dynamics and provide clients with better risk and capital decisions.”
