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Aon reorganizes reinsurance leadership

Joe Monaghan and Tim Ronda

Aon PLC on Monday announced several executive changes in its reinsurance brokerage unit.

The moves come about a month after the brokerage reshaped its top leadership ranks following the termination of its agreement to buy rival Willis Towers Watson PLC.

Under the reinsurance changes, Joe Monaghan was named to the role of global growth leader. He will continue as CEO of Aon’s public sector partnership business.

In addition, Tim Ronda was named global geographic leader of Aon’s reinsurance solutions unit. Previously, he was president of reinsurance solutions’ U.S. business. That role will not be filled, an Aon spokeswoman said.

Nick Frankland was named chairman of Aon’s insurance consulting group. Previously, he was U.K. CEO of reinsurance solutions.

Richard Posgate was named head of strategy. Previously, he was co-CEO of EMEA.

The four executives will report to Andy Marcell, global CEO of reinsurance solutions.

Leonara Siccardi was named chief operating officer of reinsurance solutions. Previously, she was global head of operations and client services.

All the new positions are newly created.

Sarah Walker, Aon’s deputy general counsel, will oversee the reinsurance solutions business’ global legal and compliance support, an Aon statement said.

In January, Aon announced changes to its leadership structure, including its reinsurance business, that integrated Willis leaders into the proposed merged company. That structure was unwound following the termination of the deal. Subsequently, Arthur J. Gallagher & Co. agreed to buy much of Willis’ reinsurance business.