Global insurance and reinsurance broker Aon has announced the appointment of Vincent Banton as Head of Construction and Infrastructure for Asia, effective August 1st.
Banton will be based out of Singapore and report to Paul Young, Head of Commercial Risk Solutions, Asia and James MacNeal, Global Industry specialty leader for Construction and Infrastructure (C&I) and will join the global C&I leadership team.
Banton’s remit in the role will be to work closely with local, regional and global teams to develop strategies and provide end-to-end services to clients in the region. He will also ensure a seamless transition from project development to commercial operations.
Young commented on the appointment: “We are thrilled to have Vincent on the Aon team. His deep experience in both the insurance and construction industries will further strengthen Aon’s capabilities to help clients make better decisions as they navigate the volatility and unpredictability of the market.
“We are excited to tap into Vincent’s strong understanding and insights to drive more synergy and continue to help organisations be better informed on the issues that matter.”
Banton is a market veteran with 23 years of experience across the insurance and construction industries.
Prior to this, he held roles at Munich Re, Balfour Birse UK, Leighton Contractors Australia (CIMIC) and Broad Construction Australia.
He joins Aon from Zurich Insurance, where he worked for the past five years, most recently as national technical manager for Australia and New Zealand.
Banton is an experienced leader specialising in Construction and Erection All Risk policies along with Delay in Start-Up for business interruption.
Banton said: “Rapid urbanisation, infrastructure development and foreign investments will make Asia one of the fastest-growing construction markets over the next 15 years. I’m excited to join the Aon team as the firm continues to innovate and combine advanced data with analytical solutions, providing our clients with better advice. The construction industry is one of the least digitized industries in the world and I look forward to working with the team to continue delivering insights with scalable solutions that help improve transparency and certainty and help organisations protect and grow their business.”
