In this edition of International People Moves, we take a closer look at our appointments at Arch International Insurance and Aon.
Here’s a summary of these new employees:
Arch Insurance International promotes Mr. Brooks to head of art and specie division
Arch Insurance International has announced the promotion of Peter Brooks to Global Head of Fine Arts and Specie.
peter brooks
In this new role, Mr. Brooks will be responsible for managing Arch’s London Market Fine Art & Specie insurance portfolio, expanding Arch Insurance’s global presence in the sector across all of its underwriting platforms. Take responsibility. Based in London, he acts as an underwriter for Syndicate 2012 and reports to James Croome, Head of Cargo & Specie.
Most recently, Mr. Brooks was a senior underwriting writer for Arch’s Fine Art & Specie, which he joined in 2020. He has extensive experience in the specialist sector, having previously held underwriting roles at Liberty Specialty Markets and W/R/B Underwriting.
***
Aon Appoints Schultz Global Vice Chairman of Reinsurance and Appoints Penei CEO of Aon Securities
Aon plc, a global professional services company, has appointed Paul Schulz as global vice chairman of reinsurance solutions.
In his new role, Mr. Schultz will work with Andy Marcel, CEO of Aon’s Risk Capital and Reinsurance Solutions, to further develop Aon’s Marilla facility and expand third-party capital sources. , we will be working on strategies to further increase the capabilities available to our customers.
At the same time, Richard Pennay, CEO of Insurance Linked Securities (ILS) at Aon Securities, will become CEO of Aon Securities, reporting directly to Marcel. Mr. Schultz will continue to work with Penei to increase and deliver capital to clients to help them optimize their risk transfer programs.
For the past 20 years, Mr. Schultz has led the Aon Securities team and consistently maintained the number one position in insurance-related securities. At the same time, it has contributed to the broader growth of ILS, which has exposed it to new geographies and new hazards. This is evidenced by initiatives such as: As a pioneering cyber disaster bond launched over the past 12 months.
During his tenure, Aon Securities issued 250 catastrophe bonds representing more than $65 billion in issuance. After two decades of steady growth, the ILS sector just hit a record high for annual issuance, with $17.9 billion in disaster bonds issued in 76 deals in the 12 months ended June 30.
“Under Paul’s extensive and dedicated leadership, Aon Securities has become a true pioneer in the market. This team has not only helped develop the ILS market, but has also helped grow ILS capital from an initial multi-billion dollar It has been a key force in helping us scale well beyond the $100 billion that we see in today’s market,” Marcel said.
Topics Reinsurance Aon
Interested in reinsurance?
Get automatic alerts on this topic.
