Global re/insurance brokerage Aon has announced that its New Ventures Group (NVG) will be formally sponsoring the firm’s new Intellectual Property Solutions (IPS) team in an effort to help accelerate its development and expand the marketplace.
Meanwhile, Brian Cochrane has been added as the IPS Chief Commercial Officer. He previously served as Aon’s Executive Vice President and Global Leader of M&A and Transaction Solutions, which he will continue to oversee as Executive Chairman.
Aon says its IPS team, which is led by Chief Executive Officer Lewis Lee, has developed a set of consulting, valuation and risk transfer offerings and is working closely with the NVG to explore commercial opportunities related intangible assets across Aon’s client base.
“This is a very exciting era for the firm as the NVG seeks to identify and develop new, high-impact sources of value for Aon’s clients; accelerate our ability to scale these high-impact solutions; and meaningfully contribute to Aon’s growth and performance,” stated Cochrane.
“This approach is enabling Aon to go ‘bigger and faster’, driving growth-stage opportunities that have the potential to deliver meaningful value to clients.”
The NVG was launched late last year with the purpose of supporting the development of new sources of value for its clients.
“We have long recognized there is a critical need to innovate at scale on behalf of clients and create new opportunities for growth,” added Tony Goland, Chief Innovation Officer and overall NVG leader.
“The NVG has already made important strides in this regard, and we are excited Brian has joined the team as Chief Commercial Officer, with a current primary focus on our Intellectual Property Solutions.”