Reinsurance News

Aon appoints Graeme Rayner to lead new Alternative Distribution platform

20th October 2020 - Author: Luke Gallin

Global insurance and reinsurance broker, Aon, has launched a new London-based platform that matches underwriting expertise with capacity provision through fronting, MGA / MGU and captive solutions, called Alternative Distribution.

Aon logoThe new platform will work with fronting structures and will access capabilities from across the company to make a broad range of risk capital available to Aon’s clients. Additionally, Alternative Distribution will also provide the necessary supporting infrastructure, licensing and servicing resources.

According to Aon, the platform encompasses the previous Global MGA & Portfolio Solutions businesses, and will be led by Graeme Rayner as Chief Executive Officer (CEO) of Alternative Distribution. Rayner takes up the role from the start of January, 2021 and will report to Nick Frankland, UK CEO of Aon’s Reinsurance Solutions.

He brings more than three decades of multi-class underwriting experience across Lloyd’s Syndicate, Company and MGA platforms to the firm. Most recently, he served as Group Director of Underwriting & Active Underwriter at Pioneer Underwriting Ltd., and previously Chief Underwriting Officer (CUO) & Active Underwriter at Mitsui Sumitomo Underwriting Ltd.

Prior to this, Rayner served as Managing Director of Commercial Insurance at QBE Insurance (Europe), and has also held senior roles at Zurich Re (UK), and Johnson and Higgins Insurance Brokers.

Commenting on the new platform and the addition of Rayner, Frankland said: “We are immensely fortunate to have someone of Graeme’s proven calibre joining the firm at such a moment of opportunity for the entrepreneurial underwriting model in London. His appointment and the creation of the Alternative Distribution platform reflect Aon’s commitment to meeting client needs and building a market-leading proposition in the MGA and third-party underwriting service sector.

“Through this initiative, Aon aims to facilitate and improve capital deployment in this area, at a time when the market is undergoing significant challenges and change that will create opportunities for appropriately aligned underwriting structures and organisations.”

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
Gjensidige Forsikring’s combined ratio improves to 78.2% in Q3

General insurance provider, Gjensidige Forsikring Group, has reported an improvement in its combined ratio to 78.2% for its Q3 results,...