Andy Neal has been appointed managing director of Aon PLC’s public sector partnership with immediate effect.
Based in Washington, D.C., he will report to Joe Monaghan, the CEO of Aon’s public sector partnership, and Geoff Hickman, the COO of Aon’s public sector partnership
The Public Sector Partnership is Aon’s specialized public sector practice that focuses solely on assisting governmental organizations in their efforts to recognize, assess, and minimize new and emerging areas of risk.
Neal has over 20 years of expertise in the sector. He most recently led the actuarial and catastrophe modeling teams to support the four million policyholders of the Federal Emergency Management Agency (FEMA) National Flood Insurance Program (NFIP) representing over $4 billion in insurance premiums and more than $1.3 trillion of coverage.
The National Hazard Risk Assessment Program team at FEMA, which supports the National Risk Index, also receives strategic leadership from him. The first reinsurance and disaster bond coverage under the NFIP were also implemented under his direction.
In response to Neal’s appointment, Monaghan stated: “We welcome Andy to Aon, his experience in federal risk management and extreme weather analytics, combined with Aon’s climate risk modeling and advisory capabilities, expands the impact we can have for government agencies and other institutions that are working to understand their risks related to climate change and shape better decisions as they navigate increasing volatility.”
“Over the past few years, Aon has been assisting governments around the world in quantifying, mitigating, and reducing risk,” said George deMenocal, chairman of Aon’s Reinsurance Solutions in the US.
“Andy joining our team demonstrates Aon’s investment and commitment to the public sector, as we continue to develop creative public-private partnerships that protect taxpayers, “crowd-in” private capital, and address important challenges,” said one of the team members.