Re/insurance broker Aon has announced the appointment of Eric Andersen as its new president, effective March 1.
Michael O’Connor departs the company following a 12-year tenure in order to pursue new opportunities. The two had served together as co-president since 2018.
Andersen has for the past 22 years served in several key leadership positions across the industry, including Chief Executive Officer of Aon Benfield.
Prior to that, he served as CEO of Aon Risk Solutions Americas.
Most recently Andersen served as co-president of Aon with direct responsibility for the EMEA and Latin American regions, as well as the global Reinsurance and Retirement solution lines.
He reports to Aon’s CEO Creg Case and will lead an internal and external search to appoint regional CEOs who will be accountable for going to market as one, fully-integrated firm in each of its four regions – North America, Latin America, EMEA and Asia Pacific.
Aon says regional leadership teams will work across solution lines to ensure the best of the firm reaches clients and will collaborate with global solution line leaders to set the firm’s enterprise-wide solution development priorities.
This move comes as Aon looks to accelerate its ‘United’ growth strategy, essentially an ongoing restructuring effort that has been in play for a number of years.
“Eric is a true believer in the power of Aon United and passionate about the value it creates for clients. His leadership will be critical in fulfilling the potential of one firm,” said Case.
Commenting on his appointment, Andersen said, “I’m energized by the opportunity to work more closely with Greg to further align our team around the Aon United Blueprint.
“Our colleagues are experiencing the client value that comes with working together more closely across solution lines and geographies and I am committed to building on that momentum.”
Commenting on O’Connor’s departure, Case added, “Mike was an early advocate of Aon United and has built a lasting legacy in his time at Aon.
“I’m personally grateful to Mike for always putting clients first and for his tireless efforts to execute on their behalf. We are a better firm because of his leadership and I wish him all the best as he begins a new and exciting chapter of his impressive career.”