MUMBAI, INDIA – Media OutReach – October 4, 2023 –
Aon plc (NYSE: AON), a leading global professional services firm, today announced the signing of a definitive agreement, subject to regulatory approval, to acquire Global Insurance Brokers, enhancing its insurance offering. venture capital capabilities in India.
Founded in 1973, Global Insurance Brokers is a highly respected composite brokerage firm in India, offering risk management, insurance broking and reinsurance services across 17 offices.
The transaction will expand Aon’s existing capabilities in the commercial risk, healthcare and reinsurance markets and further position Aon as a leading risk advisor in India.
Once completed, Global Insurance Brokers will transition to the Aon brand and operating model, under the leadership of Jon Pipe, Chairman and Managing Director, Aon India Insurance Brokers Pvt Ltd., bringing together a combined team of over 850 colleagues.
Sandeep Malik, Executive Chairman of Aon’s Asia Pacific region, commented: “The Indian insurance market is growing rapidly, and this acquisition reflects our commitment to the Indian market as well as our desire to help our clients cope with volatility and make better decisions in a timely manner. changing environment. »
Jon Pipe added: “Our clients face increasingly complex risks and evolving regulatory requirements. The combined capabilities of Global Insurance Brokers and Aon will enable us to better serve our clients across India in new geographies and sectors.
Prabodh Thakker, Founder and Chairman of Global Insurance Brokers said: “We are excited about the opportunity to bring together the talent and capabilities of our two companies. Global Insurance Brokers shares common values with Aon and by coming together, we will be better positioned to drive innovation, develop talent and deliver enhanced solutions to help businesses in India grow and protect their businesses.
Aon and Global Insurance Brokers will continue to operate independently until the transaction is completed, which is expected in the coming months.
Learn more about Aon’s capabilities in India
here.
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The issuer is solely responsible for the content of this announcement.
