In this Risk Capital Insight episode of the On Aon podcast, Aon credit specialists discuss how leading power and energy organizations are using Risk Capital to drive confidence, continuity and growth. The conversation centers on leadership choices that strengthen balance sheets, reinforce trading relationships and expand access to capital. Rather than reacting to external conditions, the episode highlights how credit, political risk and surety solutions are deployed proactively to support investment and long-term resilience.

Key Takeaways:  

1. Credit and political risk solutions are increasingly being used as strategic tools to support growth and strengthen trading relationships, not simply to transfer risk.
2. Credit insurance enables leaders to manage unsecured exposure with confidence, preserving flexibility and decision‑making speed. This approach supports continued trading and commercial activity while reinforcing disciplined balance‑sheet management.
3. By strengthening the credit quality of payment streams, organizations are unlocking additional bank and investor capital. Improved cash‑flow certainty creates balance sheet headroom that supports investment, strategic expansion and long‑term value creation.

Experts in this episode:

• James Ponsford, Global Commodities Industry Leader, Aon
• David Kinzel, Structured Credit and Political Risk US Leader, Credit Solutions, Aon
• Meera Saunders, Client Director, Structured Credit Solutions, Aon

Key Moments:

(3:30) How leaders are using credit solutions to create balance‑sheet headroom, manage concentration risk and sustain trading activity.

(06:15) How credit insurance supports confident management of unsecured exposure as transaction sizes and values increase.

(10:15) A breakdown of credit insurance, political risk insurance and surety — and how these tools can help protect payment streams, manage geopolitical uncertainty and unlock capital.

Soundbites:

David Kinzel:

“The other area that I think we could talk about is the ability for the insurance to unlock capital. So, what we're doing is we're looking at the counterparty risk and we're essentially using credit insurance as a credit enhancement. Getting that certainty around continued payment streams just has a big effect on working with banks.”

Meera Saunders:

“We see sophisticated energy companies utilizing credit solutions as a tool to enable them to continue operating in their business and grow, rather than just as a way of offloading risk.”

In this Global Insight episode of the On Aon podcast, Aon’s investment leaders cut through private credit headlines to define what drives durable outcomes. Drawing on perspectives from the U.S., UK and EMEA, the discussion explains why private credit has become a core component of modern portfolios — and where discipline, structure and alignment create advantage. The conversation focuses on how informed manager selection, intentional liquidity design and governance enable investors to stay ahead as the market continues to scale.

Key Takeaways:

1. Private credit is no longer an alternative — it is a core lever for portfolio construction. Its evolution from a niche allocation to a foundational source of income, diversification and flexibility reflects a structural shift in capital markets, not a cyclical trend.
2. Recent liquidity headlines reflect fund structures working as designed rather than under systemic stress, underscoring the importance of understanding vehicle terms and investor protections.
3. Strong outcomes in private credit are driven by structure and governance. Clear underwriting standards, aligned incentives and intentional portfolio construction become increasingly important as the market scales.

Experts in this episode:

• Ari Jacobs, Global Head of Investment, Aon
• Russ Ivinjack, Global Chief Investment Officer, Aon
• Alison Trusty, Co-Head of UK/EMEA Fixed Income, Aon

Key Moments:

(4:30) Russ breaks down what private credit is — and what it is not — explaining how it fits alongside public credit and why investors expect higher yield in exchange for reduced liquidity.

(14:50) Comparisons to the 2008 financial crisis are addressed, outlining why today’s private credit market differs due to stronger underwriting, governance and alignment of interest.

(16:30) Private credit’s growth is linked to banks pulling back from lending after the financial crisis, positioning private capital as a durable source of financing rather than a temporary market response.

Soundbites:

Russ Ivinjack:

“If I had to say one word, really across this whole podcast, it's alignment. The alignment of interest is critical. So, making sure bad loans aren’t being issued is of paramount importance. And that’s why we don’t see the same parallels going back to the great financial crisis.”

Alison Trusty:

“This is a structural shift in markets. The banks aren't going to be coming back to lending and the economy needs finance. So private debt will continue to provide that.”

This episode of On Aon was recorded on March 23, 2026.

In this Industry Insight episode of On Aon, Emma Crookes, global insurance vertical leader for Aon, sits down with Andy Marcell, CEO of Global Solutions for Aon, about how the insurance industry is evolving to meet a more complex and fast‑moving risk landscape.

They discuss why insurers are prioritizing stronger data foundations, more integrated capital strategies and new approaches to talent as they adapt to emerging risks — from climate and cyber to technology‑driven change. Andy shares why insurance remains a critical enabler of global growth, how insurers can differentiate themselves through better insight and decision‑making and what it takes to stay relevant in an industry where confidence, capital and innovation are deeply connected.

Key Takeaways:  

1. Data and insight are becoming the primary sources of competitive advantage. Insurers are strengthening data foundations to improve risk assessment, capital allocation and decision‑making speed in an increasingly complex environment.
2. Risk, capital and talent strategies are deeply connected. As technology and AI reshape underwriting, distribution and portfolio management, insurers must align workforce strategy with business and risk objectives to stay ahead.
3. Insurance plays a vital role in enabling confidence, investment and growth. By helping organizations manage evolving risks the industry supports broader economic progress.

Experts in this episode:

• Andy Marcell, CEO of Global Solutions, Aon
• Emma Crookes, Global Insurance Vertical Leader, Aon

Key Moments:

(1:30) Andy Marcell explains why Aon launched the insurance industry vertical, moving beyond reinsurance alone to address insurers’ broader business, risk and people challenges.

(5:35) Data emerges as a defining challenge for insurers, shaping how they assess risk, deploy capital and adapt to a rapidly changing market.

Soundbites:

Andy Marcell:

“The type of skills that the insurance companies need to have are different and are rapidly changing. And so, to connect those two things, strategy and people, is more and more important than it’s ever been.”