Aon expands Irish operations with risk consulting practice

The firm said its decision to broaden the scope of services offered in Ireland reflects the continued importance of the Irish market as a global financial centre and builds on the track record of investment made by Aon in the country to date, including the establishment of Aon's global centre for innovation and analytics in 2009 and more recently the acquisition of Michael Murphy Insurance Group in December 2010.

Aon's believes it is ideally positioned to advise leading Irish organisations on all issues related to risk, its management and mitigation. The new practice will be led by Alastair Nicoll and will offer a fully integrated range of risk advisory services including risk identification and assessment, compliance, actuarial, risk finance and outsourcing solutions to both corporate clients and the insurance market.

Rory Moloney, group managing director of Aon's risk consulting operations in Europe, Middle East and Africa said: "Management of risk in the current environment has become an increasingly strategic business issue with many companies seeking to attain competitive advantage through a more focused approach to managing enterprise risk as evidenced in Aon's recently published 2011 Global Risk Management Survey.

"To date we have responded to the demand from Irish based companies by leveraging the expertise throughout our global network but we have now made the decision to invest in a dedicated Irish business. Ireland represents an excellent growth opportunity for our risk consulting operations and we are delighted to deepen our commitment to Ireland by bringing additional services to the market," he added.