Global insurance and reinsurance broker Aon has announced it has made new global leadership appointments within its Reinsurance Solutions division.
Joe Monaghan has been appointed as Global Growth Leader and will have full responsibility for overall growth strategy, whilst continuing as Chief Executive Officer (CEO) of Aon’s Public Sector Partnership.
His new role includes developing innovation at scale and integrating practice groups, client segments, global specialties, capital advisory, securities and regional growth priorities and strategic growth leaders.
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.
Nick Frankland will assume the role of Chairman of the Insurance Consulting Group as the firm seeks to significantly expand its innovation, technology, consulting and advisory capabilities and deliver greater services and the full Aon United product suite to clients.
He will formulate the business strategy and develop a long-term plan to further enhance capabilities in this rapidly growing area of client need.
Additionally, 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 all report to Andy Marcell, global CEO of Reinsurance Solutions at Aon.
Leonora Siccardi will become Reinsurance Solutions’ Chief Operating Officer (COO), having previously been Global Head of Operations and Client Services.
In this new role, she will lead the development of Reinsurance Solutions’ global operating strategy and work with leaders to transform, innovate and scale the operating model to deliver growth. Siccardi will also continue to serve as Aon’s EMEA COO.
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.”