Aon has appointed Uday Tank (pictured above, left) and Tom Langley-Poole (pictured above, right) as brokers in its Aon Reinsurance Solutions credit and financial risks team, as the broker moves to bolster its specialty capabilities amid surging demand for credit, political risk, and surety coverage.
Tank joins from the Phoenix Group, where he was senior credit risk manager. Langley-Poole moves from Allianz Trade, where he served as global program director. Both are based in London and each brings approximately 15 years of experience across the direct credit, insurance, and reinsurance sectors.
They will report to Rupert Evans, international head of credit and financial risks reinsurance, and will work with clients and reinsurance markets globally.
Evans said the appointments come as the credit market evolves "within the context of an increasingly challenging geopolitical environment." He said the firm considers it necessary to offer clients "the widest knowledge of all facets of the sector."
"Uday and Tom bring complementary skill sets from diverse areas of the credit market, enabling us to better understand the challenges our clients face and to deliver customized reinsurance solutions," Evans said.
Aon Reinsurance Solutions' credit and financial risks unit serves insurance and reinsurance clients writing trade credit, surety, and political risks business across Asia, Africa, Europe, Latin America, North America, and the London Market. Aon says it has placed over $3 billion of global specialty reinsurance premiums across more than 400 clients.
The team has roots stretching back to 2009, when the firm launched an International Centre of Excellence for Credit and Financial Risks with a 15-strong London team.
The hires come at a time of significant growth across the credit, political risk, and surety insurance market. Howden has estimated the sector's total premium base at approximately $49 billion to $50 billion across six product segments, a figure the firm noted surpasses more high-profile specialty markets including marine and energy.
Demand has been climbing. WTW's 2025 capacity survey found the market "in great health," recording a 19% increase in deals sent to market in 2024 and identifying 75 active CPRI markets, up from 67 the prior year.
A separate Howden report published last year found a 33% increase in demand for political risk insurance, driven by trade disruptions and geopolitical shocks.
Howden Re data from January showed US credit, surety, and fidelity lines grew 10% in the first half of 2025, while maintaining an incurred loss ratio of 26%, compared to 57% for major US commercial lines.
The same Howden Re report noted that a shortage of experienced underwriting talent has intensified competition for skilled professionals in the space.
