Global re/insurance broker Aon has announced a series of role changes within its London-based UK leadership team as well as the hiring of Peter Stubbings as a replacement for outgoing Chief Executive Officer of Global ReSpecialty, Bob Bisset.
Bisset will become UK Growth Leader, overseeing Aon’s nine UK business divisions. He will work with business leaders across the firm to drive growth across all UK sectors, prioritise Aon’s resources, and guide investments.
He will also be responsible in leading the team’s MGA & Programme, Innovations & Solutions and Global Portfolio Solutions businesses, led Miles Shephard, Kurt Cripps and Andrew Matso respectively.
Stubbings joins on October 15 from Guy Carpenter, where he was CEO of Bermuda for the past four years, and CEO of Continental Europe for the preceding five years. He has also held senior roles at RK Carvill and Willis Re among others.
The three divisional leaders within Global ReSpecialty – Richard Wheeler (Non Marine Property/Retro), Tom Wakefield (Marine, Specialty & Composite), and Mark Skilton (Aviation) – will report to Stubbings.
Furthermore, effective January 1, Tom Wakefield will become Chief Operating Officer of Global ReSpecialty. He will be responsible for developing an integrated client strategy across the Property/Retro, Marine Specialty & Composite and Aviation lines, and Mark Skilton will become Vice Chairman of Global ReSpecialty. Both will report into Stubbings.
Bisset and Stubbings will report directly to the UK CEO of Aon’s Reinsurance Solutions business, Nick Frankland. Tom will report into Peter.
“We welcome Peter to Aon at this exciting step in the evolution of our Reinsurance Solutions business in the UK – and congratulate Bob, Tom and Mark on their promotions as we continue to build out a sustainable management model,” said Frankland.
“These developments enable us to pursue a strategic growth agenda aligned to the firm’s overarching ethos of bringing the best of Aon to clients as a unified global professional services firm, offering solutions that assist businesses across the entire spectrum of risk, retirement, and health.”