Aon has named Andrew Matson as head of its newly formed Global Portfolio Broking team within its recently established Reinsurance Solutions business.
Matson will be tasked with matching cedents seeking additional or specialist capacity with carriers looking to diversify their current risk profile and gain access to non-correlating risks.
Most recently, Matson served Aon as Managing Director of the Aon Benfield ReSolutions team, having also worked as Global Product Leader for Weather Re/Insurance at Aon Benfield, and as a Reinsurance Broker at Guy Carpenter.
Aon Reinsurance Solutions was established following the retirement of the Aon Benfield and Aon Risk Solutions brands in May 2018 in move designed to promote collaboration and innovation across the firm’s lines.
Its five specific global lines now consist of Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions and Data & Analytic Services.
The new Global Portfolio Broking team was established to build on the work of Aon’s existing facilities, while developing new facilities in line with client demand for global re/insurance risk.
Past successes include Marlin, the facultative reinsurance facility providing international capacity to Latin America-based cedents; Landmark, which offers EMEA cedents access to global capital; and Pegasus, a diversified professional indemnity portfolio for Aon’s UK retail business.
Aon said the Global Portfolio team will work alongside the newly formed Carrier Solutions group to deliver insights into carrier portfolio appetite, guidance on creative treaty structures, and access to diverse sources of risk capital.
Karl Hennessy, Chief Executive Officer (CEO) of the Carrier Solutions group, commented: “‘We have enjoyed considerable success pioneering portfolio solutions on behalf of clients and carriers in recent years and Andrew’s appointment reflects both the strong demand and importance that this area of our business commands.”
In his new role, Matson will continue to report to Nick Frankland, UK CEO of Aon Reinsurance Solutions, who said: “Re/insurer distribution channels and the traditional value chain are becoming increasingly disrupted, and clients are demanding access to a wider range of risk and capital.
“The Global Portfolio Broking team has positioned itself to create multi-class, geographically diverse re/insurance solutions that create opportunities across Aon’s client base. These opportunities can serve to bolster existing capital availability, market relationships and income streams, or provide entirely new opportunities for growth, depending on individual risk appetite.
“In this way, Global Portfolio Broking is helping to create more robust organisations through optimising capital opportunities for Reinsurance Solutions’ clients’ books of business.”
In addition to servicing Aon’s proprietary Managing General Agents (MGAs), the Global Portfolio Broking team has assisted third party MGAs in shaping multi-line capacity arrangements and in applying innovative technology and treaty structure.
