Global professional services firm Aon has announced the appointment of Andy Marcell to the expanded role of CEO of Risk Capital, covering Commercial Risk and Reinsurance, as part of a push for more integration under its Aon United strategy.
The strategy aims to align Aon’s content and creation capabilities around two primary categories of client need, with Lambros Lambrou now leading the other category as CEO of Human Capital, covering Health, Wealth and Talent.
Marcell and Lambrou, who previously held titles as CEOs for Aon Reinsurance Solutions and Commercial Risk Solutions, respectively, will both continue reporting into Aon’s President, Eric Andersen.
They take on their new responsibilities with immediate effect but will continue to serve in their existing roles until replacements are identified in this new structure, with Aon also set to continue reporting performance across its Commercial Risk, Reinsurance, Health and Wealth Solution Lines.
The broker explained that it will seek to expand the application of traditional reinsurance solutions to its corporate client base under Marcell’s leadership, and to increase investment in the predictive data modelling required to address areas like climate change, intellectual property, cyber terrorism and supply chain interruption.
Marcell will also oversee the creation of an advanced risk analytics team that pulls together data scientists and technologists from across Commercial Risk and Reinsurance Solutions, it added.
“Andy is a proven performer who has reinforced Aon’s leadership position in the reinsurance space, while also pioneering the application of reinsurance risk management strategies to our commercial client base,” said Andersen. “This move is intended to build on that momentum and bring together a unified risk analytics team to create new market capacity for long-tail risks like climate and cyber.”
Marcell also commented “I’m excited by the immediate value and future potential of our combined Risk Capital team. We’re dealing with a new era of volatility and clients are looking to us to help them make better decisions that protect and grow their business. Integrated oversight of our Commercial Risk and Reinsurance Solution Lines will further strengthen our data and analytics capabilities and help us innovate faster to create enhanced solutions for our clients.”
Lambrou, meanwhile, will take on responsibility for the firm’s combined Human Capital capabilities as Aon looks to capitalize on demand across traditional employee health and wealth benefits, the connections between employee wellbeing and productivity, and their connection to enterprise risk management.
He will work with existing global leaders across Aon’s Health, Wealth and Talent (formerly HCS) teams to further connect the firm’s Risk Capital and Human Capital capabilities, expand the application of analytics and risk modelling and advance new offerings.
“Lambros brings a track record of innovation, and a unique combination of highly relevant risk experience and people leadership skills to his new role,” Andersen continued. “Putting Lambros in this role further expands the definition of ‘core’ business at Aon and sends an important signal to our colleagues, and the marketplace, about Aon’s rapidly evolving human capital capabilities and how we intend to connect and grow our portfolio.”
Lambrou added: “Leading organizations know that their people are their greatest asset. In a world of increasing complexity, volatility and interconnectivity, those organizations are prioritizing the alignment, retention and productivity of their people and looking for partners that can help them make better decisions about their most important assets.”
“We are already a leader across Health, Wealth and Talent solutions, and I’m confident we can build on that momentum as we further increase collaboration across our firm to deliver more integrated human capital solutions.”
Aon CEO Greg Case remarked on the moves: “Our firm is continuously evolving to better serve clients, and this announcement is further proof of the progress we’ve made on our Aon United journey.”
“Lambros and Andy are exceptional leaders who always put the client at the center of our approach and work across the firm to deliver the best Aon has to offer. Our ability to rotate them into broader, more integrated leadership roles will create exciting new opportunities for colleagues and unlock new forms of value for clients.”
