Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced the establishment of a new underwriting platform featuring the world’s largest known delegated capacity for intellectual property liability risks.
It is the latest offering from Aon to meet the changing needs of clients’ intellectual property (IP) exposures, especially in this distressed economic environment.
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Ian Lewis, a recognized underwriter in the field of IP, recently joined Aon to spearhead the development of a strong, market-leading underwriting team and the creation of a portfolio of innovative risk transfer solutions for IP and other intangible asset risks to be offered by this Managing General Agent (MGA).
“We are investing aggressively to bring together market-leading experts from the IP world to best serve our client needs,” said Lewis Lee, CEO of IP Solutions at Aon. “Considering the current economic environment, the importance of managing the value creation opportunity afforded by IP and the downside risk mitigation of IP has never been higher, and the timing of Aon’s IP MGA could not be better for our clients.”
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In 2018, Aon announced the development of an insurance facility providing market-leading levels of capacity ($100 million) for IP infringement liability exposures, backed by leading Lloyd’s syndicates and led by Tokio Marine Kiln (TMK). Lewis previously led that effort for TMK.
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