UK-based insurer Aon is restructuring its credit reinsurance operations around a global hub-led model. The new structure spans major locations and is designed to connect insurers more directly with credit reinsurance expertise and capacity.
Rupert Evans, international head of credit and financial risks reinsurance, will move from London to New York as part of the reorganisation.
His role will focus on relationships with clients and capacity providers across the U.S. and the Americas.
Evans will keep responsibility for clients across all regions. Aon said that will help maintain strategic and market consistency across the credit reinsurance business.
Evans said the hub model brings insurers closer to expertise, insights, and reinsurance capacity in a more complex market. He said the structure should help Aon respond faster to market changes and support better risk and capital decisions for clients.
The credit reinsurance division is led by Ben Walker, global credit reinsurance leader. The business includes dedicated teams covering bank de-risking, North American surety, and U.S. mortgage.
Nick Ayres, chairman of global credit, will work with Evans and senior broking teams across locations. His role will focus on coordinating Aon’s credit reinsurance offering globally.
London will remain central to the business. It will anchor trade credit, structured credit, political risk, and international surety capabilities.
The London hub will continue serving clients across the UK, Europe, the Middle East and Africa, and Asia-Pacific. Additional support hubs are located in Bermuda, Madrid, Paris, Rome, Tokyo, Warsaw, and Zurich.
Aon said the model gives clients access to global and regional reinsurers, local market knowledge, and placement strategies using capacity from several geographies. The structure also reflects changing demand from reinsurers.
The company said reinsurers increasingly want credit reinsurance expertise that combines global coordination with local market presence. That demand is tied to efforts to build diversified portfolios across business lines and regions.
Separately, Aon reported Q1 net income attributable to shareholders of $1.2 bn. That was up 26% from $965 mn a year earlier.
Diluted earnings per share rose 27% to $5.63, compared with $4.43 in the prior-year period. Revenue increased 6% year-on-year to $5 bn.
