Aon Announces New Leadership for Reinsurance in UK and Ireland team
AON announced a series of leadership appointments within its Reinsurance UK and Ireland team that will support the efficient delivery of solutions and services to clients.
Effective immediately, Andrew Buckland serves as chief operating officer, Charlie New serves as head of business strategy, Andrew Larkin serves as head of property, and Richard Evans serves as head of longtail and structured solutions. The leaders will report to Tom Murray, head of Reinsurance for the UK and Ireland, in addition to his position as co-leader of Aon’s Global ReSpecialty.
Andrew Buckland, chief operating officer – will oversee Reinsurance business operations for the UK and Ireland, including operational excellence, infrastructure and transformation initiatives and people development, supporting efficient and scalable delivery for clients and colleagues.
Charlie New, head of business strategy – will be responsible for shaping and executing strategic agenda for Reinsurance across the UK and Ireland, including growth initiatives, market positioning and key change programmes, ensuring close alignment with client needs and Aon’s global strategy.
Andrew Larkin, head of property – will lead Aon’s Reinsurance property business across the UK and Ireland, overseeing client strategy, market relationships and the development of tailored risk transfer and advisory solutions. He will maintain his current role as the head of Australia and New Zealand, leading the team that places treaty business from those territories into the London, European and Bermudian markets.
Richard Evans, head of longtail and structured solutions – will lead the longtail portfolio for the UK and Ireland, including motor and liability lines, with a focus on delivering insight-led, analytically driven solutions to address clients’ long-term and emerging risks, incorporating his role as head of structured solutions.
As head of Reinsurance for the UK and Ireland, Murray is responsible for the overall strategy, performance and growth of Aon’s reinsurance operations across the region. He will focus on bringing the full breadth of Aon’s capabilities to clients, strengthening collaboration across solution lines and driving innovation to meet evolving client needs.
“I’m delighted to work alongside such an immensely strong leadership team,” said Murray. “These leaders each bring their own unique deep expertise and a strong track record of delivering for clients. We will continue to focus on helping our clients navigate volatility, build resilience, and make better decisions that protect and grow their businesses.”
“These appointments really highlight the strength and depth of our UK and Ireland Reinsurance team,” said Andrew Laing, CEO of Reinsurance for the UK and chairman of global facultative for Aon. “This new leadership structure strengthens our ability to bring the best of Aon to clients across the UK and Ireland, enhancing our focus on growth, innovation and operational excellence.”
The new leadership structure demonstrates Aon’s ongoing commitment to invest in its UK and Ireland reinsurance platform and deliver integrated solutions that create measurable value for clients.
Guy Carpenter appoints Head of Motor and Associated Casualty for UK & Ireland
Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a business of Marsh McLennan, announced yesterday the appointment of Paul Gressier as Managing Director and Head of UK & Ireland Motor and Associated Casualty, effective August 9, 2021.
In this newly created role, Mr. Gressier will be responsible for leading Guy Carpenter’s motor and associated casualty activities across the region, capitalizing on the company’s analytical capabilities and local market knowledge to develop and structure comprehensive, client-focused reinsurance solutions.
Based in London, he will report to Dean Jenner who leads the UK & Ireland Property and Casualty business at Guy Carpenter. Mr. Gressier has been providing motor and casualty reinsurance solutions to clients for 22 years. Most recently, he was Head of Structured Risk at Axa XL Reinsurance, providing solvency relief solutions for clients both in the UK motor space and internationally. During his tenure as Head of International Casualty at XL Re Europe, Mr. Gressier was responsible for UK motor for 15 years.
Commenting on the appointment, Kevin Fisher, Chairman, UK, Global Specialties & London North America, Guy Carpenter, said: “With considerable experience in the casualty arena and in particular the motor industry, Paul is well positioned to lead our operations in this highly technical and rapidly developing marketplace. Combining extensive sector knowledge with comprehensive market data and wide-ranging analytical capabilities enables us to deliver market-advancing solutions for our clients.”
Deutsche Bank appoints Daniel Ross as Head of Investment Banking Coverage in the UK and Ireland
Deutsche Bank announced yesterday that Daniel Ross will join the bank as Head of Investment Banking Coverage in the UK and Ireland.
Daniel will join from Barclays where he was Vice Chairman of UK Investment Banking and Global Head of Media. He will be based in London and report to Patrick Frowein and Berthold Fuerst, Co-heads of Investment Banking Coverage and Advisory in EMEA.
Frowein said: “This is an important hire into our European business and shows our strong commitment to our UK investment banking business where we have a long-established corporate finance franchise with exceptional sectoral expertise.”
Fuerst said: “We have ambitious plans to strengthen further our UK business, and Daniel brings with him over 20 years’ experience in the industry, with an outstanding track record of advising clients and leading successful teams, and a broad network.”
Daniel’s appointment follows a range of hires by Deutsche Bank in its European investment banking business recently including multiple Managing Directors into the EMEA Healthcare and TMT teams as well as a build-out of its European equity research business where it has hired over 30 research analysts and strategists in the past 12 months.
Deutsche Bank finished the first quarter of 2021 in ninth position in UK investment banking, up from eleventh position last year. The bank advised on numerous transactions in 2020, with strong momentum into 2021, including acting as financial adviser and joint corporate broker on Unilever’s £120 billion unification of the Unilever Group; financial adviser to Caesars Entertainment on its £2.9bn acquisition of William Hill; financial adviser to Bally’s Corporation on its £2bn offer for Gamesys; joint global coordinator and joint corporate broker on the €2.75bn rights issue for IAG; and joint financial adviser and joint global coordinator of the €1.8bn recapitalisation of Tui Group.
Ireland: EIB agrees EUR 40m support for RCSI campus investment
RCSI has negotiated a EUR 40m second loan agreement with the European Investment Bank (EIB). The financing will fund, in part, the next stage of the development of RCSI’s city centre medical campus at St. Stephen’s Green, Dublin.
Subject to planning permission, the EUR 90 million redevelopment of Block A of the Ardilaun Centre, which fronts on to St. Stephen’s Green and is adjacent to RCSI’s award winning development at 26 York Street, will provide enhanced research, teaching, learning, faculty and student facilities.
Speaking at the signing of the agreement Professor Cathal Kelly, RCSI CEO said, “Our campus has constantly evolved to meet the medical challenges and opportunities of each new generation. We are now setting out on what will be the most exciting and transformative phase of our journey so far”.
“The opening of 26 York Street in 2018, also funded in part through a first EUR 50m loan provided by EIB, marked the beginning of an exciting campus expansion for RCSI, providing world-class simulation facilities for our students and trainees. The redevelopment of Ardilaun Block A will further transform the way in which we educate our students so they can learn, grow, and prepare to take their place as the medical leaders of the 21st century. It will also provide a space that engages and involves the local community and plays a dynamic role in the life of the city”.
EIB Vice President Andrew McDowell said “Investment in research and education is crucial for Europe’s future. The European Investment Bank is pleased to support transformational new investment by RCSI, Ireland’s leading medical school, in the heart of Dublin. This represents our second loan to RCSI in less than three years and follows recent support for campus investment at every university in Ireland. The visionary new investment by RCSI will further strengthen Ireland’s global role as a centre for medical learning and research, improve education for future generations of doctors, nurses, midwives and pharmacists and significantly reduce carbon emissions through energy efficient buildings.”
RCSI is ranked among the top 250 (top 2%) of universities worldwide in the Times Higher Education World University Rankings (2020) and its research is ranked first in Ireland for citations. It is an international not-for-profit health sciences institution, with its headquarters in Dublin, focused on education and research to drive improvements in human health worldwide. RCSI has been awarded Athena Swan Bronze accreditation for positive gender practice in higher education.