Aon’s Climate Risk Advisory practice assists clients in navigating climate-related financial risks. Initially targeting financial institutions, public sector entities, and companies with substantial real estate portfolios, the practice has rapidly expanded its reach.
Heading the expanded service is Liz Henderson, the global head of Climate Risk Advisory for Risk Capital. With two decades of expertise in risk analytics, Henderson previously led US Catastrophe Analytics, offering re/insurers invaluable modeled insights to better comprehend their catastrophe risk.
In the new organisational structure, Henderson now reports to Paul Shedden, who assumed the role of head of advanced risk analytics for Risk Capital in August 2023. The leadership team within Climate Risk Advisory has also undergone additions, effective immediately.
Will Bruce, formerly the climate consulting leader for Aon’s Global Risk Consulting, has been appointed as the Global Head of Consulting, reporting directly to Henderson. Simultaneously, Megan Hart now serves as the Global Head of Analytics and Collaborations, while Dan Raizman takes on the role of Global Head of Client Engagement, both reporting to Henderson as well.
Aon highlights the successful deployment of climate risk consulting capabilities for various organisations, with a notable impact on several major mortgage lenders in the United States. Beyond the financial sector, the firm is extending these valuable capabilities to businesses operating in diverse industries, including energy, construction, and food and agriculture.
Commenting on the move, Andy Marcell, CEO of Risk Capital at Aon, said, “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.
“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.”
Paul Shedden said, “The expansion of Climate Risk Advisory is integral to our commitment to scale innovation across advanced risk analytics, leveraging our firm’s deep experience in delivering data, technology and expertise.”
He added: “Liz and her growing team are skilled advisors on how organisations can adopt, interpret, translate and implement climate data into existing workflows and business decisions, providing a true differentiator as our clients navigate emerging volatility.”
Meet Aon leaders at Insurtech Insights Asia, 2023
Join experts from Aon – and John Morley, APAC Head, Strategy and Technology Group at Insurtech Insights Asia 2023, in Hong Kong on December 6th and 7th as he takes to the stage in two live panels: “Silver Generation: Unlocking Potential of Insuring Longevity” and “Defending Against Natural Catastrophe Risks in APAC”.
Author: Joanna England
