Global Risk Consulting - Captive Solutions

Introduction to the Stream

From earthquakes and meteor strikes to cyber terrorism and widespread flooding, the risk of catastrophes on a global scale should never be underestimated. But what happens when the conventional insurance market isn't able to provide the requisite cover for such occurrences? Or when that same market can't meet the needs of businesses that require innovative solutions for large or complex risks? Could the business in question retain this risk and, if so, how much risk could it retain?

These are the type of challenges Aon Global Risk Consulting (AGRC) tackles on a regular basis, by providing a process to determine the strategy for achieving the optimal balance of risk retention within an organisation.

We deliver alternative risk solutions, such as captives, protected cell companies or less formal risk retention vehicles. A captive is an insurance or reinsurance company set up by its owners primarily to insure its own specific risks. The Risk Consulting Team considers all alternatives for the client, often performing detailed financial analysis to reach their recommendations. The owners benefit from reduced insurance costs, access to reinsurers, an ability to insure the ‘uninsurable' and improved cover and control. Many international companies have found that a captive or a cell company is the best means of creating and administering a global risk management programme – and have benefited as a result.

A leader in the captive space, we provide several solutions to clients ranging from captive feasibility studies to business plan preparation, formation and management through to closure, consulting and claims management and a variety of actuarial projects.


Dublin (Ireland), Gibraltar, Pieta (Malta) and St Peter Port (Guernsey)

The role

The Global Risk Consulting European Captives Graduate Programme lasts 18 months and has been designed to identify and develop the future leaders of our business. As such, we're looking for those of you who can demonstrate a genuine enthusiasm and potential for building a lasting career at Aon.

Impress us, and you will have the opportunity to work with a number of our key business leaders across our distinctive practice groups in the areas of Insurance, Finance, Compliance and Risk Consulting. This will expose you to all aspects of our Risk, Consulting and Captives Operation through on-the-job learning opportunities and participation in European captive projects.

Training and development

During the Programme and your career with Aon, you will be expected to obtain a professional qualification, preferably one in Insurance or Accounting or at a level that is appropriate and relevant to your position. Increasingly, our clients and regulatory authorities are demanding evidence of individual competence to deliver professional service and advice. The most reliable and consistent message we can send is that our employees hold, or are studying towards, an industry-recognised professional qualification.

Your learning and development will be fast-paced and hands-on. You will be following a distinctive placement framework relevant to your working domicile, giving you the technical knowledge and client management skills you need to succeed within our business. We also have an attractive educational assistance policy in place to encourage and support you as you grow and develop.


To apply for the Global Risk Consulting European Captives Graduate Programme, you will have achieved (or be on track to achieve) at least a 2:1 degree within an international insurance and finance-related discipline. You must be willing to travel to other European domicile locations during the placement to participate in the various allocated projects and training events. You will also need the ability to combine numeracy and analytical abilities with customer service skills and the confidence to question.


Application timetable

Applications for the 2017 intake of streams 1, 2, 3, 4, 5, 6 and 8 are now closed.
Applications for streams 7 will be open until 28th April 2017, although could close earlier if positions are filled.


Aon will be attending careers fairs, skills sessions and presentations throughout the autumn.
Our events provide an excellent chance for you to get to know more about the opportunities Aon has to offer and to meet people who can answer your questions.

Date University
Monday 12th September Bright Network Festival
Monday 19th September CASS - MSC Fair
Wednesday 28th September City - Banking & Finance and Consultancy Fair
Tuesday 4th October Edinburgh
Wednesday 5th October Leicester - Careers in management, finance and the public sector
Monday 10th October Nottingham - Careers in Management
Monday 10th October Leeds - Autumn Fair
Tuesday 11th October UCL - Banking, Finance and Economics Fair
Wednesday 12th October University of Surrey
Wednesday 12th October Bristol - Autumn fair
Tuesday 18th October Exeter - Careers and Placements fair
Tuesday 18th October Manchester - Business, Finance and Management
Wednesday 19th October Cambridge - Graduate scheme and internship event
Thursday 20th October Warwick Business, Finance & Consultancy Fair 2016
Thursday 20th October Southampton - Business, Finance and Management
Friday 21st October Bath University
Tuesday 25th October Durham
Wednesday 26th October Edinburgh Heriot Watt - Actuarial fair
Wednesday 2nd November Oxford - Internship Fair
Wednesday 2nd November Birmingham - Business finance and consulting