Risk Management

Aon bolsters risk settlement group

Steve Bale was named principal consultant at Aon, a spokeswoman said.

The position is new. Mr. Bale works across the risk settlement group and with the life insurance team in Aon Benfield.

"(Mr.) Bale is an excellent fit for Aon's growing risk settlement team, particularly as we expand across the life assurance and reinsurance markets," Martin Bird, senior partner at Aon Hewitt and head of the risk settlement group, said in a news release.

Mr. Bale joined from Legal & General, where he was risk actuary covering large U.K. and U.S. pension risk transfer deals. A spokeswoman could not be reached by press time to comment about a replacement.