Global re/insurance broker Aon has launched an Asia Pacific Capital Advisory unit within its Reinsurance Solutions division, with an aim of delivering a more holistic capital optimisation approach for reinsurers.
The launch follows Aon’s Capital Advisory units in the UK and US, where its aim has been to help re/insurer clients optimise their capital use capital through balance sheet analyses.
Seewon Oh has joined Asia Pacific Capital Advisory, and will be reporting to Rupert Moore, CEO of Japan for Reinsurance Solutions.
Oh will be working alongside Aon’s existing global Rating Agency and Capital Advisory teams.
The teams will collaborate closely to meet the needs of the firm’s Asia Pacific re/insurer clients, across the Property & Casualty and Life & Health sectors.
A qualified actuary, Oh was most recently an analyst for Smartkarma Innovations researching the insurance sector across Asia Pacific.
She previously worked as an equity analyst at banking group HSBC covering insurance, and a credit analyst at AM Best Asia-Pacific, based in Hong Kong.
In her new role, Oh will focus primarily on rating agency advisory work, while broadening into other areas of client engagement.
“In the current environment, many Asia Pacific re/insurers are experiencing low growth, low underwriting margins and low investment income, while facing higher capital requirements due to regulatory and rating agency obligations,” Moore added.
“The goal of Capital Advisory is to help clients achieve capital efficiency either by accessing alternative or traditional capital, or through identifying opportunities that make better use of existing capital, while taking into account cost and returns. This in turn helps them to generate better returns on common equity.”
