Aon Appoints Andersen and O’Connor as Co-Presidents
Aon in May 2018 announced that Eric Andersen, CEO of Aon Benfield, and Michael O’Connor, CEO of Aon Risk Solutions, have been appointed Co-Presidents of the firm; they will continue to report to CEO Greg Case.
Aon also announced it will create an integrated global Operating Committee, co-led by Andersen and O’Connor.
Further changes at Aon include the introduction of a single P&L structure “to increase colleague connectivity and accelerate reinvestment in innovation that serves clients” as well as additional responsibilities for other top executives.
Cary Grace, CEO of Retirement Solutions, will now also be responsible for Global M&A Integration, perhaps heralding accelerated external growth in the future.
John Zern, CEO of Health Solutions, also becomes CEO of North America for Commercial Risk Solutions, underlining the convergence of employee benefits and P/C risk management in the U.S. market where medical self-insurance and medical captives are well-developed among larger corporations.
Chief Operations Officer (COO) John Bruno is to take on the added role of CEO, Data & Analytic Services. CEO Greg Case, CFO Christa Davies, and COO Bruno are to work together “to enhance [Aon’s] current offerings and accelerate the commercialization of new data-driven, content solutions.”
Eric Andersen has served in a number of leadership positions during his 20-year career at Aon, most recently as CEO of Aon Benfield and earlier as CEO of Aon Risk Solutions Americas. Andersen first joined Aon in 1997 via the acquisition of Minet. Prior to that, Andersen worked in London at Alexander Howden. Andersen holds an MBA in Finance from Fordham University and a Bachelor of Arts degree in Political Science from Colgate University. He sits on the board of Covenant House New Jersey, an organization that helps homeless, at-risk and runaway youth.
Michael O’Connor joined Aon in 2008 and has served in various roles, including CEO of Aon Risk Solutions and COO of Aon Risk Solutions and Aon Benfield. Prior to Aon, O’Connor was a partner at McKinsey & Company. O’Connor holds a JD (Juris Doctor) degree from the University of Chicago and an MBA in Finance and Management Information System as well as a Bachelor of Business Administration from the University of Notre Dame. O’Connor serves on the board of the Rush University Medical Center.