Aon merges facultative reinsurance broking operations in Asia Pacific in growth push
Re/insurance broker Aon has merged its facultative reinsurance broking operations in the Asia Pacific region under the leadership of Geoff Lambrou (pictured), as it looks to innovate and grow in an expanding market.
The facultative team within Aon’s Singapore Broking Centre and Reinsurance Solutions’ APAC facultative team have combined to create a united facultative reinsurance broking team to serve clients in the region.
The newly combined team is part of Aon’s Reinsurance Solutions. It will be led by Lambrou as chief executive officer, reporting to George Attard, APAC CEO of Reinsurance Solutions, and aligned to Andrew Laing, global CEO of facultative for Reinsurance Solutions.
In his new role, Lambrou will be responsible for developing and executing APAC’s facultative reinsurance growth plan in conjunction with Reinsurance Solutions’ country leadership teams and global solution line objectives.
Aon believes a united platform will allow it to develop further opportunities arising from the continued and robust growth in facultative reinsurance in the APAC region, as insurers demonstrate confidence in the solution to manage earnings volatility and capital.
It expects the new combined operations to allow focused investments in expertise, data, analytics and trading solutions, as well as enable a coordinated approach to working with reinsurer partners, positioning Aon to innovate and grow in an expanding market.
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