Global insurance and reinsurance broker Aon is aligning its teams to better serve regional insurers and has announced the launch of its Regional Insurer Group, which currently provides services to regional insurers in the U.S.
The global brokerage explains that its Regional Insurer Group is an Aon-wide group designed to increase both the value and holistic service Aon brings to its regional insurer clients. Initially launched in the U.S., there are plans to expand the Regional Insurer Group in the future.
According to Aon, the group is organised around customers’ most urgent business needs and includes dedicated team members from all of Aon’s Solutions Lines. Aon says that it is aligning its teams to better serve regional insurers with fact-based actionable insights, enabling the broker to provide integrated solutions that drive profitable growth, capital management, operational efficiency and talent strategies.
“In the United States, regional insurers write over USD 115bn in direct gross written premium annually, and represent a significant subset of our industry. In launching our Regional Insurer Group, we are increasing the value Aon can bring to this segment.
“Like Aon itself, we recognize that our clients’ businesses are multi-faceted and have holistic needs. Through our Regional Insurer Group we are able to more closely partner with our clients, not only in risk transfer, but also in other key areas such as retirement, talent, health, and data and analytics,” said Brad Melvin, President of Aon’s Regional Insurer Group.
Andy Marcell, Chief Executive Officer (CEO) of Aon’s Reinsurance Solutions division, added: “We are excited to build upon the strong partnerships Aon has with regional insurers by bringing together an Aon United team to better understand their broader business needs and to offer more value to our client partners.
“The pace of change is accelerating in all industries, especially insurance, and we see a tremendous opportunity to invest in more capabilities and talent to further align with the needs of regional insurers.”