Steve McGill the Group President of insurance and reinsurance brokerage Aon is stepping down from the company to pursue new opportunities, the firm said today.
McGill, who also held the position of Chairman and CEO of Aon’s Risk Solutions group, has been in the insurance and reinsurance industry for around 40 years and with Aon for more than 10.
Greg Case, president and CEO of Aon plc, commented on the news; “During his decade at Aon, Steve has developed a well-earned reputation as a tireless innovator on behalf of clients. Those efforts have been critical to our success and highly relevant to the global insurance marketplace, particularly in London, where he has worked closely with insurers to create exceptional value for our clients. I am grateful to him for his leadership and wish him the best as he begins a new chapter of his career.”
Steve McGill, group president, added; “I’m incredibly proud of what we’ve accomplished at Aon over the last decade and wish nothing but the best for my colleagues and our clients. I’m at a point in my career where I feel compelled to explore new opportunities to serve the insurance industry and the UK as we navigate these unique times and am excited by the prospect of beginning a new chapter.”
For clients, continuity will be key, and so Eric Andersen, the CEO of reinsurance division Aon Benfield and Mike O’Connor, the CEO of Aon Risk Solutions, are set to report directly to president and CEO Greg Case, as they work together to build Aon’s global risk business. This transition is effective immediately.
According to an SEC filing today McGill stands to receive up to $22.5 million in a separation agreement with Aon.
