Aon Private Risk Management (APRM)
Company Overview
Aon Private Risk Management (APRM) is a dedicated arm of Aon, focusing on providing comprehensive risk management services tailored for affluent individuals and families. The services are crafted to safeguard lifestyles and assets through targeted strategies that mitigate personal and financial risks, considering factors such as family circumstances, liabilities, and assets. Notably, APRM specializes in bespoke solutions to address personal exposures, ensuring a high level of white-glove service.
Key Services
- Risk Management Planning: Creation of personalized risk management plans to minimize exposure to potential losses from crimes or uncontrollable events.
- Personal and Asset Protection: Coverage includes protection for assets like homes, art collections, yachts, and liabilities such as personal umbrella coverage, network security, and identity theft protection.
- Clientele Specific Services: Specialized offerings for collectors, entertainers, and high-net-worth individuals, supported by teams focused on fine arts, vintage automobiles, and mega yachts.
Resources and Capabilities
- Global Expertise: Leveraging Aon’s global presence to ensure expertise is available irrespective of client location.
- Predictive Modeling: Advanced tools are used to evaluate and mitigate risks posed by natural disasters and other potential threats.
- Professional Team: Comprising over 130 professionals, APRM optimizes its service delivery with Private Risk Advisors coordinating with specialists to address client needs effectively, 24/7.
Key Personnel
- Sam Cargill, Executive Chairman: Leads APRM and holds a board position at BritishAmerican Business, emphasizing influence in transatlantic business relations. Contact: sam.cargill@aon.com
- Jason Ott, President: Oversees operational strategies and client service delivery at APRM. Contact: jason.ott@aon.com
- Brandie Linton, Chief Growth Officer: Drives growth strategies and expands client solutions at APRM. Contact: brandie.linton@aon.com
Financial and Employee Metrics
APRM generates an estimated annual revenue of $45.7 million, with revenue per employee calculated at $242,000. The company employs approximately 189 individuals, reflecting a stable 1% workforce growth in the past year. These financial metrics demonstrate a strategy focused on maintaining efficiency and profitability.
Recent Developments
- Acquisitions and Revenue Growth: Aon recently reported an 8% revenue increase in the latest fiscal quarter and announced strategic acquisitions, such as the proposed $13.4 billion deal to acquire NFP. These moves enhance Aon's position in the risk management and insurance brokerage sectors.
- Technological Innovations: The introduction of digital tools like the D&O Risk Analyzer underscores Aon’s commitment to integrating technology into client decision-making processes for executive risk management.
Competitive Landscape
APRM operates in a competitive market with significant players like:
1. Zurich North America - Revenue: $3,368 million | Employees: 10,935
2. Insurance Providers Group - Revenue: $6.2 million | Employees: 35
3. Metropolitan Insurance Group - Revenue: $4.5 million | Employees: 29
4. Obie - Revenue: $36.1 million | Employees: 149
5. Clearcover - Revenue: $110.3 million | Employees: 401
Major Industry Competitors
- Marsh & McLennan Companies
- Arthur J. Gallagher & Co.
- Willis Towers Watson
These organizations broadly cater to corporate and individual clients with global operations.
Strategic Insights
Aon Private Risk Management distinguishes itself with a focus on personalized risk management solutions for high-net-worth clients. This approach, alongside notable revenue per employee, emphasizes resource optimization and client satisfaction. In contrast, competitors like Marsh & McLennan and Zurich North America offer expansive services leveraging their extensive global infrastructures. However, APRM’s client-centered services and adaptability in evolving risk landscapes provide a competitive edge critical for expanding market share within the private risk management sector.
