Aon: changes in the leadership structure following restructure
All the appointments were effective immediately and are part of a vast restructuring process. Aon announced in May 2018 it will retire the business unit brands of Aon Benfield and Aon Risk Solutions, which follows the retirement of the Aon Hewitt business unit brand in 2017. This move was designed to increase the rate of innovation across the firm and make it easier for colleagues to work together to bring the best of Aon to clients. Aon has five specific global solution lines: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions and Data & Analytic Services.
As co-presidents, O'CONNOR and ANDERSEN will continue to report to Aon's Chief Executive Officer, Greg CASE, whose contract was recently extended by the Board of Directors until April of 2023. In his new role, Andrew MARCELL will be responsible for managing the existing operations and growth strategy of Aon's Reinsurance Solutions business as it begins its brand transition from Aon Benfield. Based in New York, he will continue to report to Eric ANDERSEN, co-President of Aon plc.
About Andrew MARCELL
Andrew joined Aon in 2015 as Head of Strategy for Aon Benfield, where he developed innovative ways to grow the business across its existing client base and implemented a range of strategies to attract new clients to the firm. He was appointed President of Aon Benfield in 2017, taking on a wider executive role to support ongoing growth strategies. Prior to joining Aon Benfield in August 2015, Andy was CEO of Guy Carpenter's US Operations and head of its Global Facultative business. He was also a member of their Board of Managers and the International Leadership Team. Andy joined its London office in 1990 from Hoare Govett in London, where he was a Convertible Equity Trader.
About Eric ANDERSEN
ANDERSEN has served in a number of important leadership positions throughout his over 20-year career at Aon, most recently as CEO of Aon Benfield and prior to that was CEO of Aon Risk Solutions Americas. Andersen first joined Aon in 1997 via the acquisition of Minet. Prior to that, ANDERSEN also worked in London at Alexander Howden. ANDERSEN earned an MBA in Finance from Fordham University and a Bachelor of Arts degree in Political Science from Colgate University. He sits on the board of Covenant House New Jersey, an organization that helps homeless, at-risk and runaway youth.
About Michael O'CONNOR
O'CONNOR joined Aon in 2008 and has served in various important leadership roles at Aon, most recently as CEO of Aon Risk Solutions and prior to that as COO of Aon Risk Solutions and Aon Benfield. Prior to Aon, O'CONNOR was a partner at McKinsey & Company, where he served as a leader for the North American Financial Services practice and the North American Insurance practice. O'CONNOR holds a Juris Doctor from the University of Chicago and an MBA in Finance and Management Information System as well as a Bachelor of Business Administration degree from the University of Notre Dame. O'CONNOR serves on the board of the Rush University Medical Center.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.