Managing a global reinsurance broker at a time of unprecedented change could be overwhelming, but for Eric Andersen, CEO of Aon Benfield, it represents an intellectual and practical challenge as he attempts to meld his company’s traditional skillsets with a new array of tools, as he tells Intelligent Insurer.
Getting Eric Andersen on the phone can be a logistical challenge in itself. The chief executive of Aon Benfield travels a lot. In the run-up to what ended up being a phone interview, he had visited London, Paris, Munich and Australia before heading back to the US—giving his PR team symptoms akin to jetlag as they grappled with a shifting diary, multiple time zones and demanding journalists.
Andersen’s globetrotting gives him great insight on the changing dynamics facing a truly global player such as Aon Benfield. As the rules and boundaries of the global risk transfer world shift, so must the mentality of the large reinsurance brokers. Their sources of income must diversify and they must adjust to the way clients want to do business and interact with them.
Andersen says that the challenges facing Aon Benfield include how the company melds its global resources with the services clients want, and how it concentrates its resources in the right places to create centres of excellence which benefit all clients while also having boots on the ground where needed.
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Aon Benfield, Eric Andersen, M&A, ILS