"We fully recognise the need from re/insurers for a trusted advisor embedded in the industry, bringing sector knowledge and the ability to deliver relevant capital-enhancing transactions."
- Colin Forrest, STG chief executive
According to Aon, the strategy and technology group will initially focus on the property & casualty and life sectors, assisting “forward-thinking companies” deliver sustained growth and profitability in the competitive landscapes, before branching out to those seeking to match risk and capital, such as insureds, captives, private equity, hedge funds, and investors.
Developed over the past 12 months, Aon’s STG combines strategic consulting with a technology suite to help clients build flexible and resilient enterprise structures aimed at driving strong financial performance.
Eric Anderson, Aon president, believes that “insurers need the resilience and capacity to address increasing current and future risks.” He believes that Aon’s STG will help facilitate this process for clients, “de-risking and futureproofing their businesses to take advantage of the opportunities that exist in today’s volatile environment by making better business decisions.”
Aon has recruited Becky Allison, former EMEA (Europe, Middle East, and Africa) operations director for insurance consulting technology at WTW, as STG chief operating officer while Colin Forrest will lead as STG chief executive and Nick Frankland is set to chair.
Commenting on the launch, Colin Forrest, STG chief executive, has said:
“The reinsurance industry is facing a huge range of challenges that are placing pressure on profitability and creating a need to modernise. However, these challenges also offer an opportunity for companies to reinvigorate their business and differentiate themselves in the market.
“In STG, we are combining experience and proven outcomes with the energy and ideas of a start-up to create innovative solutions to build more resilient firms.”
