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Aon PLC on Tuesday launched an alternative distribution platform in London and named Graeme Rayner, an underwriting executive at Pioneer Underwriters Ltd., as CEO of the unit.
The alternative distribution unit will offer fronting, managing general agent, managing general underwriter and captive services and includes Aon’s previous global managing general agent and portfolio solutions businesses, Aon said in a statement.
The unit will also provide supporting infrastructure, licensing and servicing resources, Aon added.
Mr. Rayner will join Aon on Jan. 1, 2021, and report to Nick Frankland, UK CEO of Aon’s reinsurance solutions business. Prior to joining Aon, he was group director of underwriting and active underwriter at London-based Pioneer.
Aon “aims to facilitate and improve capital deployment” with the move, Mr. Frankland said in the statement.