Lenox Advisors, Inc., a subsidiary of NFP and an affiliate of Aon company, has officially announced the acquisition of Martin/Wight & Company, LLC (M&W), a Maryland-based firm renowned for its specialized financial solutions targeting medical professionals. The acquisition is poised to strengthen Lenox Advisors’ presence in the Baltimore metro area and enhance its service offerings […]
Aon plc (NYSE: AON), a premier global professional services firm, has successfully finalized the acquisition of NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor. The deal, which was initially announced in December 2023, is valued at approximately $13.4 billion, comprising $7.0 billion in cash and $6.4 […]
In a significant move within the insurance and home services industries, Porch Group, Inc. (NASDAQ: PRCH), a leader in vertical software solutions, has announced a major strategic business collaboration with Aon Corp. and Aon Re, Inc., a top reinsurance broker. This agreement, valued at approximately $30 million, marks a key development for both entities. The […]
Aon plc (NYSE: AON), a global leader in professional services, has made a strategic move to acquire NFP, a prominent middle market property and casualty broker, benefits consultant, wealth manager, and retirement plan advisor. The deal, valued at an estimated $13.4 billion, will be funded through $7 billion in cash and $6.4 billion in Aon […]
Aon plc has acquired Evaluación de Riesgos Naturales (ERN), a Mexico-based provider of risk assessment modeling for an undisclosed price. The acquisition is expected to help the global professional services firm expand its catastrophe modeling and consultancy capabilities in Latin America. Through the acquisition, Aon aims to bring further value to its insurer clients, which […]
Aon plc has taken full ownership of Aon India Insurance Brokers by acquiring the remaining 51% stake from Catamaran Ventures, an Indian composite broking firm, for an undisclosed price. It can be noted that the global professional services firm had acquired a 49% stake in Anviti Insurance Brokers, an Indian composite insurance broker, from Catamaran […]
Aon and Willis Towers Watson have agreed to scrap their previously announced $30 billion merger after finding it difficult to get an approval from the US Department of Justice (DOJ). The two companies also announced that they will end their litigation with the justice department. It can be noted that the federal executive department had […]
Aon and Willis Towers Watson said that the European Commission (EC) has given conditional approval for their proposed $30 billion merger deal. The all-stock deal was announced in March 2020 by the parties to create the largest insurance broker in the world with an implied combined equity value of nearly $80 billion. In a joint […]
Aon has signed two separate deals to divest its US retirement business to Aquiline Capital Partners and its Aon Retiree Health Exchange business to Alight Solutions for a total of $1.4 billion. According to Aon, the transactions are intended to address some concerns raised by the US Department of Justice pertaining to its pending $30 […]
Professional services firm Aon has agreed to divest its German retirement and investment business to Lane Clark & Peacock (LCP) for an undisclosed price. The business to be divested includes pensions consulting, pension insurance broking, pensions administration, and investment consulting operations. Aon said that the transaction resolves concerns raised by the European Commission over its […]