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Aon invests in new aviation division

Graham Caffrey and Jimmy Klebovitch, Aon Ireland
Graham Caffrey and Jimmy Klebovitch, Aon Ireland

Professional services firm, Aon, has announced the launch of a new aviation division in Ireland with a specialist team that will help organisations across the to manage an evolving risk landscape.

The division features Ireland's only aviation insurance brokerage which can help service and enable companies within the sector to manage their insurance and risk management needs.

The team will be the company’s first in Ireland, growing Aon’s global footprint in the sector. Aon Ireland will offer consultancy services, analytical tools and risk management solutions to leaders within the aviation ecosystem.

The company aims to grow its presence in the aviation sector significantly over the next three years.

The aviation leasing and finance industry is a critical part of the Irish economy which is worth an estimated $4.6bn annually. 60% of the world’s aircraft leasing companies are based in the country, with the industry as a whole supporting approximately 42,000 jobs in Ireland.

The new division will be led by Jimmy Klebovitch and Graham Caffrey.

Rachael Ingle, CEO at Aon Ireland said the launch of the new aviation division marks an exciting milestone for the company.

"However, with many firms in the aviation sector navigating increased volatility from climate change to skills shortages, industry leaders located in Ireland need expert advice to shape decisions for the better. Through our growing team of experts located in Dublin and our specialists globally, we will be uniquely positioned to help manage the cost of risk and fuel the sustainable growth of the industry."