Global re/insurance brokerage Aon has announced the appointment of Stephen Purves as a partner in its Risk Settlement team.
Purves most recently served at Aviva as Head of core business and was responsible for four deal teams and led on several significant transactions in the bulk annuity market.
He joins Aon with 18 years’ experience and started his career at the Higham Group.
“There are few signs of let-up in the risk settlement market, as more and more UK pension schemes see the opportunities that are currently available,” commented Martin Bird, Senior Partner and Head of risk settlement at Aon. “We expect transactions to reach £35-40 billion or more by the end of this year.
“With that background, people with extensive knowledge of this market are much in demand, so it’s great news that Stephen Purves has joined us at Aon.
“He brings considerable expertise from the insurer side of the market as well as consulting experience – an ideal combination to complement our existing team.”