Aon has announced a raft of new global leadership roles in reinsurance solutions to “enable greater focus on creating client value, product and market segmentation and regional reach”.
Joe Monaghan will assume the role of global growth leader and will have full responsibility for overall growth strategy.
This includes developing innovation at scale and integrating practice groups, client segments, global specialties, capital advisory, securities and regional growth priorities and strategic growth leaders. He will also continue as CEO of Aon’s public sector partnership.
Tim Ronda, president of Reinsurance Solutions’ U.S. business, will become global geographic leader and will oversee Reinsurance Solutions’ regional capabilities worldwide to drive scale while focusing on unique regional trends and client needs.
In addition, Nick Frankland will become chairman of the insurance consulting group. He will formulate the business strategy and develop a long-term plan to further enhance capabilities in this rapidly growing area of client need.
Richard Posgate becomes head of strategy to help shape the future of the business. His responsibilities include oversight of acquisitions and monitoring business performance to drive efficiency and growth.
Monaghan, Ronda, Frankland and Posgate will report to Andy Marcell, global CEO of Reinsurance Solutions.
Leonora Siccardi will become Reinsurance Solutions’ COO, having previously been global head of operations and client services. Siccardi will also continue as Aon’s EMEA COO.
Finally, Sarah Walker will oversee Reinsurance Solutions’ global legal and compliance support, assisted by Peter Banick and the subject matter experts across the globe. This is in addition to her current responsibilities as Aon’s deputy general counsel.
Marcell said: “These new roles demonstrate the investment in our talent to nurture the next generation and evolve our team. They are designed to support our aims to further scale our capabilities across Reinsurance Solutions and deliver greater choice and innovation to our clients.
“We have already built strong foundations to achieve future success, and relationships and expertise will remain at the heart of our offering as we deliver strategies committed to tackling clients’ evolving needs around climate, capital and systemic risk.”