Aon’s reinsurance division names Duncan, Stanco strategic growth leaders
Aon’s reinsurance solutions unit has appointed broking veterans Dan Duncan and Randy Stanco as strategic growth leaders for the US business, as part of a series of appointments to accelerate growth, this publication has learned.
The moves were made last week alongside the announcement that Steve Hofmann and Kevin Traetow would become co-presidents for the US region and that US chief executive George deMenocal had been named chairman of the US business.
Alongside Stanco and Duncan’s new roles, the reinsurance unit also named several growth leaders by product and client segment.
Amanda Lyons has been named the growth leader for US casualty, while Paul Anderson is taking on the same role for US property. Pat Abbe has also been named to lead growth for US mutual and regional clients, and David Nicholson will lead global accounts.
Sources suggested that Aon’s messaging around the moves had been that they were made to amplify growth by aligning the reinsurance unit to the group’s strategy and growth model.
Stanco and Duncan will be working with Aon’s global growth leader Joe Monaghan to refine the reinsurance business’s approach to growth and product innovation, it is understood.
The moves come after Aon US reinsurance president Tim Ronda left for TigerRisk late in September.
They also follow a number of management changes to strengthen leadership in the international business, with Rupert Moore named UK CEO, George Attard becoming CEO of Asia-Pacific and Alfonso Valera and Tomas Novotny becoming co-CEOs of EMEA.
Aon declined to comment.