Aon has appointed Andy Neal as managing director of the firm’s public sector partnership. Aon’s public sector partnership is focused exclusively on working with government entities to identify, quantify and reduce new sources of risk. Neal will be based in Washington D.C., and will report to Joe Monaghon, CEO of Aon’s public sector partnership. Neal has more than 20 years of industry experience. He most recently led the actuarial and catastrophe modelling teams to support the four million policyholders of Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP). In his role at FEMA, Neal developed financial tools to manage risk held by the NFIP. He led the development of “National Risk Rating 2.0: Equity in Action” — an overhaul of the NFIP’s rating plan to use both private sector and public sector catastrophe models.This incorporates the latest actuarial approaches to natural catastrophe risk to ready the NFIP for volatility due to climate change. Neal also provided strategic leadership to FEMA’s National Hazard’s Risk Assessment Program team which supports the National Risk Index. Commenting on Neal’s appointment, Monaghan says: “His experience in federal risk management and extreme weather analytics, combined with Aon’s climate risk modelling and advisory capabilities, expands the impact we can have for government agencies and other institutions that are working to understand their risks related to climate change and shape better decisions as they navigate increasing volatility.”
