Aon names Ryan replacement as Gregory Case
Broking giant Aon Corporation has appointed ex-McKinsey management consultant Gregory C. Case as the group’s new president and chief executive, replacing the long-serving Patrick Ryan.
Ryan, who announced his intention to stand-down last year, will however continue as the group’s executive chairman.
The broker, who delayed appointing a replacement until settling the investigations by New York, California and Illinois regulators into its business practices, was widely expected to appoint a figure from outside the industry.
However, Case was not among the favourites that had included former JP Morgan banker Doug Layton.
Nonetheless, the 42 year-old Case does have industry knowledge. Most recently he served as head of the Financial Services Practice at McKinsey & Company, and before that was responsible for McKinsey's Global Insurance Practice.
Andrew J. McKenna, lead Aon director and chairman of the board's Search committee, commented: “We are delighted that we have engaged someone of Greg's calibre to lead Aon in the rapidly changing insurance industry. Our board was determined to conduct a thorough search, and we could not be more pleased with the result. Greg's management experience in professional services, his firsthand knowledge of the insurance industry, and his keen understanding of the complexity of global organizations make him an ideal candidate to succeed Pat Ryan, who has built Aon into the tremendous franchise it is today.”