Brokerage restructures and rebrands major division

Brokerage restructures and rebrands major division | Insurance Business

Brokerage restructures and rebrands major division
Aon Risk Solutions has integrated its existing financial businesses – including Aon M&A Solutions, Environmental Services Group, Trade Credit and Surety, and Financial Services Group – into an expanded segment, Financial Specialties.

The new division will be headed up by Jennifer Richards, the current Client Director of Aon M&A Solutions, reporting to Lambrou. Richards has been with ARS since July 2011. Prior to joining Aon, she was Senior Vice President within AIG’s Mergers & Acquisitions and Financial Institutions group. Prior to AIG, Richards was a corporate/M&A lawyer at Sidley Austin in New York.

Richards will be responsible for creating and implementing the financial specialties strategy.
Aon says the new segment will deliver Aon clients the convenience and benefit of a single point of access to the company’s comprehensive, integrated technical and subject matter expertise.

Lambros Lambrou, CEO of ARS Australia, said: “The depth and range of solutions offered by the enhanced segment is a key differentiator for Aon Risk Solutions. The decision to bring these specialist teams together means we can leverage strength to maximise the value we provide clients, delivering growth and improving the scale of our technical and subject matter capability across key market segments.”

“I am confident that Jennifer’s experience and strong leadership skills will ensure even greater success for our expanded segment and its clients. It’s particularly pleasing to be able to assign leadership of this important segment from within our own Aon ranks. It’s a real endorsement of the unmatched capability of our people and our leadership position in the market,” said Lambrou.

Liz Botha and Stephen Trickey will continue to lead Trade Credit and Surety, and Financial Services Group respectively, reporting to Richards.

The creation of the enhanced segment will see a team of more than 30 members from across Aon M&A Solutions, Environmental Services Group, Trade Credit and Surety, and Financial Services Group come together as Financial Specialties, effective immediately.