Aon has confirmed the appointment of Peter Stubbings as CEO of Global ReSpecialty, the latest in a string of management changes at the broker.
The former-Guy Carpenter Bermuda CEO will take on the role from 15 October 2018, replacing Bob Bisset who has been promoted to UK growth leader, overseeing Aon’s nine UK business divisions.
Bisset will also be responsible for leading what Aon deems high-potential growth areas. They are: MGA and programme segments led by Mike Shephard; innovations and solutions headed up by Kurt Cripps; and global portfolio solutions businesses, which falls under Andrew Matson’s oversight.
Marine, specialty and composite head Tom Wakefield will become chief operating officer for Global ReSpecialty with responsibility for strategy across the property retro, marine specialty and composite and aviation lines. Meanwhile, aviation head Mark Skilton will become vice chairman of Global ReSpecialty. Both will report into Peter Stubbings.
Bisset and Stubbings will report directly to the UK CEO of Aon’s Reinsurance Solutions business, Nick Frankland.
Frankland said: “We welcome Peter to Aon at this exciting step in the evolution of our Reinsurance Solutions business in the UK – and congratulate Bob, Tom and Mark on their promotions as we continue to build out a sustainable management model.
“These developments enable us to pursue a strategic growth agenda aligned to the firm’s overarching ethos of bringing the best of Aon to clients as a unified global professional services firm, offering solutions that assist businesses across the entire spectrum of risk, retirement, and health.”
In May this year, Aon unveiled plans to merge its primary broking arm Aon Risk Solutions and its reinsurance intermediary Benfield under a single brand.
The changes followed the broker’s decision to scrap the Aon Hewitt brand last year.