Aon launches public-private practice
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Aon PLC’s reinsurance solutions business has launched a public-private enterprise specialty practice, the broker said in a statement Wednesday.
It will focus on terrorism and natural hazard risk, working with Aon’s credit and guarantee and government practice in the U.S. and other units such as Aon Securities and Impact Forecasting, the statement said, and “will build on Aon’s successful models of government de-risking through commercial plan structures.”
The practice will be based in London and be led by Emma Karhan and Jon Wood, the statement said.
“The (insurance and reinsurance) industry has record levels of capital at a time when public entities need increased protection against the risks they face,” Nick Frankland, U.K. CEO of Aon’s reinsurance solutions business, said in the statement. “In particular, there is great potential to make the most of this capital through parametric triggers.”
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