Aon stalwart retires after 63 years in the industry

Aon stalwart retires after 63 years in the industry | Insurance Business America

Insurance News

Vice chairman spent 36 years with the company

Insurance News

By
Terry Gangcuangco

Aon has announced the retirement of Paul Davies from his role as vice chair after a 36-year tenure with the company and 63 years in the industry.

Davies assumed the position of vice chair in 2023, reporting to Aon chief executive Greg Case. In this capacity, he provided strategic advice on the shifting risk management landscape and contributed to the enhancement of Aon’s risk capital capability.

The industry veteran began his career as a reinsurance broker in 1961 and later became president and owner of Reinsurance Agency, which merged with Aon in 1988. Following this, Davies founded and served as CEO of Aon Reinsurance, eventually becoming chairman of Aon Re Worldwide.

When Davies took on the vice chair post last year, Case commented: “By any measure, Paul exemplifies what it means to lead a truly remarkable and distinctive career, from Aon’s acquisition of his 35 years ago, to the critical roles he has played leading clients and colleagues during his time with the firm.”

This time around, the CEO had this to say: “On behalf of our colleagues around the world, I want to recognize Paul for his extraordinary contributions to the firm in service of our clients,” Case said.

Aon, which serves clients in more than 120 countries and sovereignties, did not provide details on succession plans concerning the vice chairmanship. Last month, the company unveiled the creation of a new chief administrative officer role held by Lisa Stevens.

“With our marketing and communications and public affairs teams already working in close collaboration with the colleagues in our people organization, this office is a natural evolution and the right home for these teams as we look to build on our momentum and go further, faster as one global firm,” Case highlighted in June.

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