Aon taps new global CEO for insurance consulting from rival WTW

Re/insurance broker  Aon has tapped another leader from rival WTW as its insurance consulting team’s global chief executive officer (CEO) in the firm’s Reinsurance Solutions.

Colin Forrest (pictured) will join Aon in London, reporting to insurance consulting chairman Nick Frankland.

In his new role, Forrest will lead the strategy and development of the insurance consulting team, delivering software and consulting services that enable better business decisions by helping clients improve their efficiency and profitability through proactive capital and portfolio management capabilities.

Forrest comes from WTW, where he was EMEA regional leader of Insurance Consulting & Technology practice after holding senior roles at professional services firms, including Equity Partner in Deloitte’s Insurance Actuarial Practice and Director of PwC’s Insurance Actuarial Practice (Life).

The addition of Forrest follows Aon’s recent acquisition of actuarial software technology provider Tyche from RPC Tyche. The acquisition of Tyche will enable Aon to offer re/insurers a single technology platform with the ability to seamlessly integrate capital modelling, pricing and reserving to drive better decision-making across both life and non-life business.

Frankland said: “Colin brings a strong track record in the insurance consulting sector, and we are excited to have him lead Aon’s growing capabilities in this space. With his strategic insight and in-depth knowledge of client needs, he will be instrumental in evolving Aon’s solutions to help clients build greater business resilience.”

Andy Marcell, global CEO of Reinsurance Solutions, added: “Building out Aon’s insurance consulting capabilities aligns to the firm’s overall growth objectives, and we are pleased with the progress to date. The acquisition of Tyche and the naming of Colin as CEO of the insurance consulting team are two important steps in augmenting our best-in-class operations in this growing sector.”

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