Lambros Lambrou

Aon Underwriting Managers (AUM), Aon’s managing general agency, has signed an exclusive distribution agreement with wholesale underwriting management company, Freeman McMurrick (FMM).

The agreement positions FMM as the sole distributor of AUM solutions throughout the region and will bring market-leading products to clients and brokers across Australia and New Zealand.

As part of the implementation strategy, Aon will establish Aon Underwriting Managers in Australia as a managing general agency (MGA) for risk solutions in the region.

AUM currently underwrites over USD$1 billion in premiums globally. This agreement will position AUM as unique regional leader, providing Australian and New Zealand brokers with access to exclusive products and services, supported by world class carriers through the FMM brand.

Lambros Lambrou, Aon Risk Solutions Australia Chief Executive Officer, said the new offering will benefit from greater data and analytical insights, combined with strategic carrier relationships.

“This agreement strengthens Aon’s existing local and global capabilities to give brokers and their clients a range of services and innovative solutions that go beyond traditional offerings in the retail marketplace,” Mr Lambrou said.

“This enhanced offering is a significant addition to the market and aligns with Aon’s global strategy around underwriting management.

“We have witnessed the successful implementation of MGA strategies in the US and UK. This agreement enables us to replicate a proven model in the local market,” Mr Lambrou said.

Freeman McMurrick is a trusted leader in wholesale underwriting management and will become the channel for the distribution of existing FMM products and new AUM offerings in Australia and New Zealand.

Development and refinement of new product solutions is currently underway and FMM will keep its broker partners, clients, the industry and other interested parties updated on the progress.

Aon has appointed Alison Smith as AUM Director to lead this initiative.

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