Aon has made two senior appointments inside its Aon Insurance coverage Managers arm in Bermuda, with a brand new Managing Director of the operation and a brand new Head of its White Rock actions on the island.
Aon Insurance coverage Managers (AIM) is the specialist unit of the worldwide insurance coverage and reinsurance dealer that offers with insurance coverage administration, which incorporates industrial, captive, collateralized reinsurance and insurance-linked securities (ILS) constructions.
The appointments are each inside the Aon Insurance coverage Managers (Bermuda) Ltd. entity, that manages these operations on the island.
First, we’ve realized that Séadna Kirwan is being appointed as the brand new Managing Director of Aon Insurance coverage Managers (Bermuda) Restricted, topic to immigration authority approval.
Kirwan will now lead the Aon Insurance coverage Managers operation in Bermuda, taking on from Anup Seth who departed just lately.
He has over 18 years of expertise working at Aon, with roles in Dublin for the AIM division between 2004 and 2015, after which he moved to Bermuda and was most just lately Danger Advisory Director, AIM.
In consequence, he’s been a member of the manager management workforce there for some years now, alongside George Leite, Choisel Murray, and Daybreak Simons.
We’ve additionally realized that William Luu, who has lead the AIM collateralized reinsurance targeted workforce in Bermuda as a Vice President for over two years now, takes on the function of Head of White Rock, Bermuda.
Aon’s Bermuda domiciled Class 3 and Class C insurer and segregated accounts firm White Rock Insurance coverage (SAC) Ltd. is extensively used for collateralized reinsurance and ILS transactions, together with personal disaster bonds.
It gives shoppers with a spread of insurance coverage options structured inside Protected Cell, Integrated Cell and Segregated Account services.
In consequence the automobile is utilised by ILS markets and funds which are in search of cell firm options for transacting totally collateralised reinsurance enterprise.
Luu will now take the lead on White Rock actions in Bermuda, having already been closely concerned in driving profitability of Aon’s actions in collateralized reinsurance and different ILS transactions that utilise the automobile.
