Aon promotes for new chief commercial officer of risk capital

Aon has promoted Jeff Alpaugh to the role of chief commercial officer for risk capital.

Alpaugh joined Aon in 2023 as president of the business’ North American division, where his work focused on shaping regional strategy and advancing enterprise-wide commercial priorities.

The firm said that in his new role, Alpaugh will “lead Aon’s global commercial strategy across risk capital, helping clients align capital, insight and risk solutions as they pursue growth in an increasingly complex market environment”.

The new appointee, however, will continue to serve as president alongside his new role, while reporting to Aon’s chief executive of risk capital, Joe Peiser.

Proven leader

The new appointee brings more than 40 years’ experience in insurance and risk management to the role, including over 30 years at Marsh, where he held various senior leadership positions.

Peiser said: “Alpaugh is a proven commercial leader with a deep understanding of clients, markets and the role risk capital plays in helping organisations grow with confidence.

“As client needs continue to evolve, Alpaugh’s ability to connect strategy, execution and investment will be critical to delivering integrated risk capital capabilities at scale.”

The new appointee added: “I’m excited to take on this role at an important time for clients and our business. Demand for integrated risk capital capabilities continues to grow as organisations navigate more uncertainty and higher‑stakes capital decisions.

“My priority is to ensure our commercial strategy stays closely aligned to client needs, bringing together insight, expertise and capital to help clients make better decisions and support long‑term, sustainable growth.”