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Aon PLC on Monday said it has formed a regional insurer group in the U.S. focused on the needs of U.S. regional insurers, headed up by Brad Melvin, previously co-head of global reinsurance clients.
This Aon-wide group is staffed from across the firm and will be able to more closely partner with clients in areas such as retirement, talent, health, data and analytics, as well as risk transfer, Aon said.
“In the United States, regional insurers write over $115 billion in direct gross written premium annually and represent a significant subset of our industry. In launching our Regional Insurer Group, we are increasing the value Aon can bring to this segment,” Mr. Melvin, Morristown, New Jersey-based president of Aon’s Regional Insurance Group, said in a statement.
The group currently serves the U.S. market but has plans to expand globally, and will fit across and work in conjunction with all of Aon’s lines of business, Aon said.
Aon PLC on Tuesday said it has formed a global accident, health and life practice group for its reinsurance business to help insurers take advantage of growth opportunities in the sector.