Aon has appointed Andrew Matson the leader of its newly formed Global Portfolio Broking team.
The team is a Reinsurance Solutions unit that will build on the success of established pioneering facilities and develop new facilities in line with client demand for global reinsurance risk.
Global Portfolio Broking will deliver insights into carrier portfolio appetite, guidance on creative treat structures, and access to diverse sources of risk capital.
It will work alongside the newly formed Carrier Solutions group, which is headed by Karl Hennessy.
Matson’s main responsibility will be to match cedents seeking additional or specialist capacity with carriers with a strategic appetite to diversify their current risk profile and gain access to non-correlating risks.
Hennessy commented: “We have enjoyed considerable success pioneering portfolio solutions on behalf of clients and carriers in recent years and Andrew Matson’s appointment reflects both the strong demand and importance that this area of our business commands.”
Matson will continue to report to Reinsurance Solutions’ UK CEO, Nick Frankland.
Frankland said the Global Portfolio Broking team was created to offer multi-class, geographically diverse reinsurance solutions that provide opportunities for Aon’s client base.
He stated: “Reinsurer distribution channels and the traditional value chain are becoming increasingly disrupted, and clients are demanding access to a wider range of risk and capital.”
“These opportunities can serve to bolster existing capital availability, market relationships and income streams, or provide entirely new opportunities for growth, depending on individual risk appetite.”
Frankland added: “In this way, Global Portfolio Broking is helping to create more robust organisations through optimising capital opportunities for Reinsurance Solutions’ clients’ books of business.”
