Aon has appointed Marcus Foley to the Bermuda operations of reinsurance solutions and named Tim Radford to its London Capital Advisory team within reinsurance solutions.
Foley will take on the role of head of capital management and will be based in Bermuda.
He will be reporting to Tony Fox, chairman and CEO, Bermuda, and Eric Paire, head of London Capital Advisory of reinsurance solutions.
Most recently, Foley worked at Aspen, where he had held several positions, most recently that of group chief capital management and strategy officer.
Radford will support the London Capital Advisory team’s capabilities in Lloyd’s capital optimisation and funds at Lloyd’s (FAL) provision.
He will report to James Mackay, head of Lloyd’s relationships within London Capital Advisory.
Redford joins from insurance-linked securities (ILS) fund manager Securis Investment Partners, where he was involved in the origination, analysis and structuring of all forms of non-life investments as well as capital raising, focusing on the provision of FAL to Lloyd’s syndicates.
Andy Marcell, CEO of reinsurance solutions at Aon, adds: “Over the past several years, we have been increasing our capital management advisory capabilities globally. In hiring Foley, we aim to augment that service and deliver it to a greater range of clients.”
