Aon launches capital advisory unit to assist re/insurers

Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimisation for re/insurers.

The initiative follows Aon’s launch of similar Capital Advisory units in the UK and US, whose aim is to help their re/insurer clients optimise their use of capital through forensic balance sheet analyses.

Reporting to Mr Rupert Moore, CEO of Japan for Reinsurance Solutions, Ms Seewon Oh has joined Asia Pacific Capital Advisory, working alongside Aon’s existing global Rating Agency and Capital Advisory teams. The teams will collaborate closely to meet the needs of the firm’s Asia Pacific re/insurer clients, across the Property & Casualty and Life & Health sectors.

A qualified actuary, Ms Seewon was most recently an analyst for Smartkarma Innovations researching the insurance sector across Asia Pacific. In her new role, Seewon will focus primarily on rating agency advisory work, while broadening into other areas of client engagement.

Commenting on the launch of the unit, Rupert Moore said: “In the current environment, many Asia Pacific re/insurers are experiencing low growth, low underwriting margins and low investment income, while facing higher capital requirements due to regulatory and rating agency obligations. The goal of Capital Advisory is to help clients achieve capital efficiency either by accessing alternative or traditional capital, or through identifying opportunities that make better use of existing capital, while taking into account cost and returns. This in turn helps them to generate better returns on common equity.”

Source: Asia Insurance Review

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