12/8/2009
By Sophie Baker
Aon Consulting is to streamline its Aon Global Insurance Managers division into a new regional leadership structure with hubs in Europe, the Middle East and Africa (EMEA); the Americas; and Asia Pacific.
The move will further align its client service, though leadership and operational excellence with its client needs in the risk management area.
Aon has appointed Andrew Tunnicliffe as COO for Aon Global Risk Consulting. Responsibility for AGIM's US and Canadian operations, as well as in the Cayman Islands, Bahamas, Barbados, Bermuda and Panama will fall to Nancy Gray, and for operations in EMEA to John English. Paul Johnson will continue to take responsibility for AGIM operations in Singapore, Hong Kong and Australia.
"The basic fundamentals of captive management have been impacted by a period of dramatic upheaval driven by the economic crisis," commented Tunnicliffe. "Aon Global Insurance Managers is committed to partnering locally and regionally with clients to address these challenges, including capital efficiency, regulatory and legislative change and the shifting political environment."
Other stories you may find of interest:
Industry responds to EIOPA consultation
Pension and investment associations across Europe have expressed different views on what they see as the future of cross-border pension provision, as the European Investment and Occupational Pension Association (EIOPA) closed its consultation on the IORP Directive yesterday
A solution to the European sovereign debt crisis?
Europe is still negotiating to find a solution to the European sovereign debt crisis, but this will inevitably end in a messy compromise that fails to resolve the peripheral solvency crisis and merely prolongs the agony until the next stage, said Stuart Thomson, chief economist at Ignis Asset Management
Hotting up
Ilonka Oudenampsen reports on how global events have impacted returns in the commodities space
