NEW YORK, Dec. 3, 2024 - Aon plc (NYSE: AON), a leading global professional services firm, today named Robert O’Connell as global cyber strategy and growth leader, executive managing director, within its Reinsurance Solutions business. O’Connell will be based in New York and report to Randy Stanco, U.S. strategic business leader for Reinsurance Solutions.

In this role, O’Connell will lead the firm’s efforts to deliver transformative value to Reinsurance Solutions’ cyber clients and trading partners through its innovative risk structuring – including the utilization of insurance-linked securities (ILS) solutions – and through broader access to insurance and reinsurance and the capital markets, bespoke portfolio advisory services, and enhanced risk understanding via extensive analytics, data science and research capabilities.

Previously, O’Connell served as CEO of Bermuda-based Cyber Re Limited and Platform Labs, specializing in cyber underwriting, data science and analytics. In conjunction with O’Connell’s appointment at Aon, Platform Labs has agreed to transfer ownership of its advanced intellectual property portfolio, encompassing multiple cyber-related data science technologies and provisional patent applications registered with the United States Patent and Trademark Office.

O’Connell will collaborate closely with Aon’s cyber analytics leadership team to integrate these technologies, further enhancing Aon’s service capabilities and value proposition for its clients and global trading partners.

Stanco said: “Rob’s extensive experience both in the cyber sector and risk transfer – from primary underwriting to ILS and reinsurance – brings a unique perspective. This will accelerate Aon’s cyber product development and sourcing of capital in this rapidly growing line of business. We are excited to see the value Rob will deliver as he works collaboratively with our global broking and cyber analytics teams to further enhance our capabilities and help shape better business decisions for clients.”

Over the past 18 months, Aon achieved several industry milestones in the cyber sector, including the issuance of the first-ever 144A cyber catastrophe bond on behalf of AXIS Capital (Long Walk Reinsurance Ltd. 2024-1). The firm also launched its cloud-based Cyber Risk Analyzer platform, empowering chief information security officers and risk managers with enterprise risk quantification tools, and significantly expanded its cyber team with senior appointments in key markets.

Andy Marcell, CEO of Risk Capital at Aon, said: “With our commitment to investing in innovative solutions and top industry talent, we are continuing to help our clients navigate the complex and evolving cyber risk landscape, delivering the insights and value they require to address the most pressing cyber challenges.”

For information about Aon’s Reinsurance Solutions: https://www.aon.com/en/capabilities/reinsurance

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Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

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Andrew Wragg

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andrew.wragg@aon.com