Aon launches One Underwriting to deliver new and innovative solutions to evolving client needs
Sydney (January 12, 2016) – Aon plc (NYSE:AON), the leading global provider of risk management and human resource consulting and outsourcing, has announced the launch of One Underwriting, its Australian third party distribution business.
From 1 January 2016, One Underwriting replaces Freeman McMurrick, building on its predecessor’s underwriting capabilities and expertise.
Aon Risk Solutions Australia CEO, Lambros Lambrou, says One Underwriting is part of Aon’s new managing general agency strategy in Australia. “We’re harnessing the power of Aon globally to bring brokers in the Australian market a number of things, including broader coverage for their clients and enhanced premium competitiveness through our global buying power. We’re also leveraging Aon’s financial investment in data and analytics to ensure our offerings stay ahead of the curve.”
Lambrou says One Underwriting is setting out to manage $250m in premium by the end of 2018.
"We're aiming to make it easier to transact business and we’re responding to demand from brokers for the creation of new products and innovative industry solutions.
"Already One Underwriting has launched a number of new products which have generated interest from brokers we have not traditionally dealt with. This is creating new connections for us," Lambrou said.
"We are expecting to broaden this distribution further in Q1 2016 with the release of new complex risk property and liability products to the market."
Alison Smith will be leading the One Underwriting operation, which is currently made up of 15 underwriters with over 200 years combined experience in the Australian and London insurance markets. The underwriters are specialists in their niche product areas, enabling brokers to tap into a depth of knowledge on coverage, pricing and technical expertise for their clients.
Aon plc (NYSE:AON) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 69,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com.