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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.
The group will be chaired by London-based Aon veteran Roger Smith, previously head of accident, health and life for EMEA in Aon’s reinsurance business, the global professional services firm said in a statement.
“Whether tackling evolving healthcare regimes, negotiating annuity deals to free up capital or managing unpredictable catastrophic events, we are ready to help insurers grow in a competitive environment and help them develop capital strategies to embrace emerging opportunities, Nick Frankland, U.K. CEO of Aon’s reinsurance business and executive sponsor for the practice group, said in the statement.
The team will build on Aon’s current capabilities and work closely with the firm’s property/casualty brokers, Aon said in a statement.
Aon’s accident, health and life business provides product expertise as well as data and analytics, catastrophe modeling, claims and other services to a range of clients including managed care organizations, captives, health plans, hospitals and physician groups.
The reinsurance solutions business of Aon PLC and Guy Carpenter & Co. LLC, a subsidiary of Marsh & McLennan Cos. Inc., are teaming with The Institutes RiskStream Collaborative to use distributed ledger technology in the reinsurance placement process, Aon said in a statement Wednesday.