To meet growing demand, global professional services firm Aon has strengthened its credit reinsurance offering by advancing a hub-led strategy that connects clients with capital through globally coordinated teams with local market presence.
As part of the development, Rupert Evans, international head of credit and financial risks reinsurance for Aon, will relocate from London to New York to strengthen connections between clients and capacity providers in the U.S. and across the Americas.
“Evans’ move reflects the growing importance of North America in the global credit and financial risks market, while he continues to work with clients across all regions to ensure the team’s strategy, relationships and market engagement remain globally aligned,” Aon observed.
Aon added that London will remain central to its credit reinsurance strategy, anchoring its trade credit, structured credit, political risk and international surety capabilities.
“From this global hub, Aon will continue to serve clients across the UK, EMEA and APAC, supported by dedicated credit teams in Bermuda, Madrid, Paris, Rome, Tokyo, Warsaw and Zurich,” the firm added.
Aon continued, “Led by Ben Walker, global credit reinsurance leader, Aon’s credit function includes dedicated teams focused on bank de-risking, North American surety and U.S. mortgage, reflecting the role of the global credit (re)insurance market in helping financial institutions manage risk and capital.
“Together with Evans and Nick Ayres, chairman of global credit, senior broking teams in each location will coordinate Aon’s credit reinsurance offering across regions, connecting clients with relevant insights and capital.”
The global professional services firm noted that its hub strategy for credit reinsurance will enable a more coordinated delivery across its core credit capabilities.
Client benefits reportedly include direct access to leading global and regional reinsurers, local insight into market dynamics, risk appetite and emerging trends, and coordinated placement strategies that draw on capacity across multiple geographies.
Evans commented, “By creating a series of global hubs for our credit reinsurance team, we are bringing insurers closer to the expertise, insights and reinsurance capacity they need in an increasingly complex environment.
“This model allows us to respond more quickly to changing market dynamics and support better risk and capital decisions for our clients.”
