Aon attracts capital advisory veteran to boost capacity in Lloyd’s market
Global re/insurance broker Aon has tapped the founder and chief executive officer of London Innovation Underwriters to lead its capital advisory business within Reinsurance Solutions.
Will Allen has been appointed as executive managing director of capital advisory at Aon.
Allen will be responsible for sourcing capital from global organisations – including institutional funds and family offices – to support Lloyd’s of London programmes, including Funds at Lloyd’s (FAL) and London Bridge structures, as well as risk transfer programmes involving the London Market and Aon’s broader client base.
With over two decades of capital management experience, he will align the firm’s 3X3 Plan by engaging expertise and capabilities from across Aon – such as its strategy and technology group, analytics team and Aon securities – to develop comprehensive solutions for clients, within the broker’s risk capital structure.
Allen, who will report to Aon’s global head of capital advisory Kelly Superczynski, will also work with the firm’s Lloyd’s-focused specialists, such as the FAL team, to deliver global capital to support risk transfer and capital optimisation programmes.
Aon said Allen has built longstanding relationships with global capital providers, and his recent focus has been on bringing capital into the insurance sector. He most recently served as chief executive officer of London Innovation Underwriters, a company he founded to deploy funds into the Lloyd’s market.
Superczynski said: “Will’s appointment marks another step in Aon’s investment in its Capital Advisory capability and highlights the importance of the Lloyd’s market as a London home for global capital. Will’s extensive entrepreneurial experience in attracting capital to support complex insurance transactions will be important to the ongoing growth of Capital Advisory, as we deliver an increasing number of groundbreaking deals that bring the capacity and innovation necessary to enable better business decisions for clients.”
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