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Aon launches Emea specialty team with Grimwade hire

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Aon has hired Marsh-JLT senior partner Matthew Grimwade for a new specialty team focusing on multinational clients in Europe, the Middle East and Africa (Emea), The Insurance Insider can reveal.

Aon confirmed to this publication that the new team will work alongside existing specialty teams at Aon’s Global Broking Centre and its Reinsurance Solutions business.

The move marks a return for Grimwade, who spent time earlier in his 20-year career at Aon Global as head of risk transfer and then UK managing director, before departing for Miller in 2010.

At Miller, he worked with major corporate accounts in the UK and Europe. He then moved to JLT Specialty in 2013 as placement leader in its corporate management client segment for the UK and Europe.

At JLT, Grimwade was also responsible for the global automotive division launched with supply chain manager Resilinc in March last year.

The move comes after a number of exits from Marsh-JLT Specialty, following parent company Marsh & McLennan’s £4.9bn ($5.9bn) April takeover of JLT.

In an ongoing court case between Marsh and Hyperion, it emerged that 47 JLT Specialty employees had resigned between late April and early May to join the latter broker.

This included real estate head Nigel Todd and financial and professional lines leader Mark Wood, along with a number of staff in their departments including Wood’s lieutenants Sarah Hughes and Adam Codrington.

On a conference call after MMC’s second-quarter earnings last month, CEO Dan Glaser said he was “satisfied” with retentions and noted that voluntary departures from JLT were at a similar level to the same period last year, before the takeover.

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