Aon targets growth in Bermuda reinsurance

Aon has expanded its insurance platform in Bermuda to extend its activities across global specialty lines of business, particularly in property specialty retrocession. 

Aon said it is adding five new staff to its Bermuda team subject to immigration approvals and expects to add more staff thereafter. 

It said they will augment transactional and capital optimisation solutions, and facilitate profitable growth opportunities for clients.

Aon said the expanded team will further expedite the development of the firm’s local facultative and captive reinsurance platforms that align with respective teams in London and the US. 

The new Bermuda roles include Jemma Henry and Lawrence Cheng as managing directors and Libby Sargent, George Burles and Sonal Ohrie as vice presidents. 

The expanded team will report to James Ramamurthy, head of Global ReSpecialty Bermuda at Aon, with Ramamurthy reporting to Roman Romeo, CEO of Reinsurance Solutions Bermuda for Aon.

Romeo said: “Through this scaled and highly-engaged team, we are increasing the scope of our Bermuda operations and positioning in the market as the leading destination for Aon’s Bermuda-domiciled reinsurance clients, who now have access to even more capabilities, both locally and through Aon’s global network.” 

Rupert Moore, UK CEO of Reinsurance Solutions for Aon, said: “Aon’s London and New York reinsurance teams will continue to collaborate closely with our Bermuda colleagues to deliver additional value to clients. This is another example of how we are creating inclusive, collaborative, and proactive teams across our global operations, who are growth oriented, and are shaping better decisions for our clients.”

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