Aon strengthens surety, trade credit and political risk offers through new hire
Sydney, 16 March, 2017 - Aon has appointed Dan Chapman to lead the Surety, Trade Credit and Political Risk business at the firm. Dan heads a national team of experts and has responsibility for driving growth in the business' rapidly expanding client offering in Australia.
An industry expert in both the Australian and UK markets, Dan is tasked with bolstering Aon's market presence across surety, trade credit and political risk insurance.
"The current economic environment presents ever growing challenges for our clients. At Aon, we believe there is an opportunity to deliver more creative solutions within the surety, trade credit and political risk markets in Australia," said Jennifer Richards, Managing Director, Specialities, Aon Risk Solutions, Australia.
"In hiring Dan, we plan to strengthen our position within this market whilst continuing to build on our existing momentum in credit risk services," Ms Richards added.
Aon's credit insurance team is comprised of highly experienced brokers who work with clients to tailor bespoke guarantee solutions, aimed at increasing financial flexibility, as well as mitigating credit and political risks.
Today's economic challenges are driving increased demand for structured surety solutions as they represent a cost effective and financially flexible alternative to traditional security such as bank guarantees or cash retentions. Aon's position as the world's leading surety broker coupled with Dan's product knowledge and expertise will help Aon to cement its position as Australia's leading broker in this highly specialised field.
"Dan brings with him a wealth of experience having held senior positions in both Australia and London at pre-eminent credit brokers and underwriters. Taking into consideration his expansive knowledge of credit insurances and the economic challenges that Australian businesses are facing, Dan is an invaluable asset to our business and our clients," said Ms Richards.
Commenting on his new role, Mr Chapman said, "Credit insurance is an important risk financing tool for our clients in Australia, but it is currently an underserviced market, creating an exciting window of opportunity for Aon.
"Late last year, Aon launched a new arrangement for trade credit insurance, which provides a simple, comprehensive solution for our SME clients. The offer provides pricing advantage, faster claims collections services and an online policy management portal. This is a strong example of Aon's commitment to deliver creative solutions that serve the needs of our clients.
"I look forward to working with our established team to continue to provide our clients with unique and innovative solutions," he said.
Aon plc (NYSE:AON) is a leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global and principal partnership with Manchester United.