Insurance coverage and reinsurance dealer Aon has promoted Ciaran Healy to the function of International Captive Chief for the agency’s Industrial Danger Options division, a place that can see him additionally with duty for the administration of insurance-linked securities (ILS) and guarded cell buildings as properly.
Healy strikes into International Captive Chief function efficient January 1st 2025, whereas John English who was beforehand Chief Govt Officer, Aon Captive & Insurance coverage Administration, is transferring to the function of Chairman of Aon International Danger Consulting (AGRC).
Healy hails from that division, having most lately held the place of Chief Industrial Officer for AGRC.
As International Captive Chief, Healy will likely be charged with accelerating Aon’s core capabilities for purchasers, together with throughout captive administration, captive advisory, captive reinsurance, insurance-linked securities and guarded cell corporations.
Aon Insurance coverage Managers, the division of the dealer that establishes and manages buildings, together with insurance-linked securities (ILS), throughout a wide-range of domiciles, will now sit below Healy’s oversight.
Aon Insurance coverage Managers is likely one of the extra lively managers of ILS automobiles and buildings on this planet, whereas additionally working danger transformation buildings that assist ILS funds and ILS traders to entry danger extra effectively.
This consists of administration of particular function insurers (SPI) and different buildings for disaster bond issuance, in addition to protected and segregated cell corporations which might be used for collateralized reinsurance and different capital market backed preparations.
Within the function, Healy will lead a workforce of greater than 500 Aon staff, largely throughout North America and EMEA areas, from his base in Dublin and reporting to Richard Waterer, International Chief of AGRC.
Waterer commented on the information, “Ciaran is a extremely efficient, client-centric and commercially pushed chief with nice expertise to construct on the momentum we’re seeing within the captive area and the more and more central function that captives will assume in Aon’s broader Danger Capital technique throughout Reinsurance and Industrial Danger.
“Beneath Ciaran’s management, Aon’s captive workforce will ship additional innovation as our purchasers more and more flip to choices outdoors the normal insurance coverage market to guard and develop their companies.”
