LONDON (2 May 2019) – Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has appointed Dave Barratt to its UK Risk Settlement team.
Dave Barratt joins Aon after 13 years with JLT and HSBC Actuaries and Consultants, where he developed a number of bulk annuity services including a streamlined process for smaller transactions.
He has advised a wide range of trustees and sponsoring employers on settling liabilities with insurers, including being involved in over 150 successful transactions. These have included the first ‘whole of market’ medically underwritten deal, solutions for hybrid schemes, and buyout transactions with integrated Enhanced Transfer Value exercises. He has also provided training and support to several insurers while they prepared to launch into the bulk annuity market.
Martin Bird, senior partner and head of Risk Settlement at Aon, said:
“Dave Barratt joins us with an excellent background in the bulk annuity market, including some landmark transactions. He has advised a very wide range of trustees and sponsoring employers on settling liabilities with insurers – especially those in the sub-£100 million bracket.
“We believe there is much potential in this area of the market, with many schemes – and their members - which would benefit from this approach, but who need external expertise and guidance to help them through the process. Dave brings considerable experience of doing just that and I am sure many more schemes will now benefit from his knowledge.”
For further information please contact:
020 3755 1641
Notes to Editors
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Aon announced in May 2018 it will retire the business unit brands of Aon Benfield and Aon Risk Solutions, which follows the retirement of the Aon Hewitt business unit brand in 2017. This move was designed to increase the rate of innovation across the firm and make it easier for colleagues to work together to bring the best of Aon to clients. Aon has five specific global solution lines: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions and Data & Analytic Services.
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