Aon has approved Embrace Partners, a minority-owned insurance broker and managing general underwriter (MGU), to act as a wholesale broker in the US.
With this move, Aon brokers, at its clients’ direction, can now begin placing insurance through Embrace.
According to the announcement, adding Embrace to the roster of Aon-approved wholesale brokers provides Aon clients with an opportunity to align their premium dollars and their inclusion and diversity goals.
Embrace Partners is led by President and CEO David Cayemitte, an industry veteran and former executive at AIG, St. Paul’s and Travelers.
After two decades of working for major global insurance companies, Cayemitte founded his own full-service insurance brokerage and surety bonding firm, The Cayemitte Group, in 2005. Ambac Financial Group, Inc. (Ambac), a financial service holding company, holds a minority interest in the firm.
Cayemitte commented: “Diversity remains a top consideration for corporations, and now, insurance purchasing can help meet this demand. As a minority business enterprise, Embrace offers insurance buyers, brokers and carriers the ability to incorporate diversity into insurance distribution.”
