Aon strengthens climate risk advisory team

Aon has expanded its climate risk advisory function across the firm’s risk capital capability, to further serve clients’ advanced risk analytics needs in both commercial risk solutions and reinsurance solutions.

The firm stated that the expanded service will continue to be led by Liz Henderson, global head of climate risk advisory for risk capital.

Launched within Reinsurance Solutions in May 2023 (https://www.captiveinternational.com/analysis/aon-creates-climate-risk-advisory-team-6068), Aon’s climate risk advisory practice helps clients with their climate-related financial risks, with an initial focus on financial institutions, public sector entities and firms with large real estate holdings. The practice delivers an end-to-end approach to climate model and risk program evaluation; asset resilience assessments and engineering insights; due diligence; and reporting and disclosure support.

In addition to Henderson’s expanded role, further leaders have been named within Climate Risk Advisory, effective immediately and reporting to Henderson:

·  Will Bruce, previously climate consulting leader for Aon’s Global Risk Consulting, now serves as global head of consulting.

·  Megan Hart now serves as global head of analytics and collaborations.

·  Dan Raizman now serves as global head of client engagement.

“As climate drives new extreme weather records, clients are looking for help quantifying the impact of climate and making better decisions to mitigate and transfer the risk,” said Andy Marcell, chief executive of Risk Capital at Aon. “This step will enable us to deliver advanced climate analytics across our corporate and insurer clients that allows them to understand the unique position of their business through better risk quantification, positioning them to be increasingly strategic around how they access capital and achieve their business goals.”