Aon Australia’s third-party distribution business Freeman McMurrick has been rebranded One Underwriting, with significant expansion on the agenda.

CEO Alison Smith told insuranceNEWS.com.au she hopes to grow premium from $50 million to $250 million in just three years by moving into new areas.

“It is absolutely achievable if you do everything right,” she said.

“We have put together a construction facility and built a leisure product, and we will be moving into complex risk in property and liability.

“We will be putting our value in people you can ring up and talk to over the phone and get an answer from straight away.”

One Underwriting is investing significantly in systems and staff, and acquisitions have not been ruled out.

“Aon always has an eye out for acquisitions,” Ms Smith said.

“The premium growth could come organically or it could come through acquisitions – there are no immediate plans right now about which way to go.”

Aon Australia CEO Lambros Lambrou says One Underwriting is part of the company’s new managing general agency strategy.

“We’re harnessing the power of Aon globally to bring brokers in the Australian market a number of things, including broader coverage for their clients and enhanced premium competitiveness through our global buying power,” he said.

“Already One Underwriting has launched a number of new products that have generated interest from brokers we have not traditionally dealt with.

“This is creating new connections for us.”