Modern Australian

Aon Completes Acquisition of Global Insurance Brokers in India

Combined Business Will Enhance Risk and Human Capital Offering for Clients

MUMBAI, INDIA - Media OutReach Newswire - 4 April 2024 - Aon plc (NYSE: AON), a leading global professional services firm, today announced that it has successfully completed the transaction to acquire Global Insurance Brokers (GIB).

The transaction significantly expands Aon's existing capabilities in India to help clients navigate volatility and make better decisions.

GIB is now wholly owned by Aon and will formally integrate with Aon India Insurance Brokers (AIIB) following the finalisation of the National Company Law Tribunal merger process which is expected later this year. In the interim, GIB will operate independently as an Aon company. Rishi Mehra, head of Aon for India, will join the GIB board as its chairman subject to customary approvals. Jon Pipe, CEO and principal officer of AIIB and GIB's existing executive leadership team, will work closely with Mehra to help clients make better decisions to protect and grow their business.

"This is an exciting milestone in Aon's journey in India and reflects our commitment to the Indian market," said Mehra. "The exceptional talent and breadth of capabilities across our two firms will create opportunities for our colleagues and expand our ability to better serve the growing needs of our clients."

The acquisition strengthens Aon's existing broking and advisory capabilities across the commercial risk, health and reinsurance markets, which combined with Aon's talent consulting business, creates an integrated team of over 1,100 colleagues across Aon in India working together to accelerate our Aon United strategy. Following the finalisation of the merger process, GIB will transition to Aon's brand.

"India presents significant opportunities for growth and innovation," said Pipe. "GIB and Aon share common values and a firm commitment to client excellence. We are excited to come together to help clients face today's rapidly changing and increasingly complex and interconnected challenges."

Prabodh Thakker, outgoing chairman of GIB, said: "The objective of GIB has always been to bring world-class business practices to India and to create value for its clients and colleagues. The Indian insurance market has evolved significantly during my time as GIB's leader and Aon's ability to deliver capabilities in Risk Capital and Human Capital makes them well-placed to take the business forward. GIB clients will benefit from Aon's global resources and advanced capabilities while GIB colleagues will have exciting new opportunities to deliver client value in a dynamic market."

Read more about Aon's capabilities in India here.

Hashtag: #Aon

The issuer is solely responsible for the content of this announcement.

About Aon

(NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.

Follow Aon on , , and . Stay up-to-date by visiting Aon's and sign up for news alerts .

Bulk Liquid Storage Tanks: Essential Solutions for Modern Industry

In industries where managing large quantities of liquids is a daily requirement, bulk liquid storage tanks play a vital role. These tanks are desi...

Bistro Blinds for Seasonal Changes: Adapting Your Outdoor Space

Bistro blinds are outdoor designs that can be adapted for seasonal changes. They warm up the environment by making it wind-free, wet-free, and sun...

Advantages of Using Digital Printing Services

The demand for quick, efficient, and high-quality printing solutions has seen remarkable growth in our modern, fast-paced world. This increasing nee...

Benefits of Professional Strata Management

Navigating the complexities of strata management can be a daunting endeavor for any strata property owner or committee member. Strata management inv...

The Hidden Benefits of Bundling Utilities with Moving Services

Moving can feel overwhelming with so many things to juggle. Hiring a moving company in Brisbane helps make it easier, but did you know you can make it...

Family Mediation: The Path to Resolution, Healing, and Lasting Solutions

In an era where family challenges are often met with emotional and financial strain, family mediation has quietly gained traction as a life-changing...

Surprise Party Ideas That Will Leave Your Guests Speechless

Throwing a surprise party is one of the most exciting ways to celebrate a special occasion. The thrill of keeping it a secret combined with the joy ...

“North of the River” Vs “Over the Bridge” – What’s in Brisbane’s ongoing North Vs South Feuds?

Greater Brisbane Australia’s largest capital city by land area, coming in at 15,824 square kilometers, and ranks number three worldwide. It has Au...

Income Stream Integration: 7 Ways to Earn Money Through Your Website

Whether you sell Vietnamese coffee, review Japanese gadgets, or rent Melbourne self storage, your website is more than just an online presence—it...

Top 10 Benefits of Practicing Taekwondo for All Ages

Taekwondo is more than just a martial art; it’s a way of life that offers profound physical, mental, and emotional benefits. Whether you're a chil...

Plasterboarding and Ceiling Repair: The PlasterX Advantage for Long-Lasting Results

Contacting professionals who are well-versed in the nuances of the task is essential to preventing headaches during plastering ceiling repair work. ...

Snake Catcher’s Life-Saving Advice: What to Do When You Encounter a Snake

Australia is home to some of the most venomous snakes in the world, and if you live here, you're already well aware of how dangerous these creatures...

The Best Dumplings in Melbourne

Melbourne offers the best dumplings in the world, with variety of tastes and styles. The perfect dumpling is boiled, fried, or steamed - the best ...

The Ultimate Guide to Daily Dental Hygiene: Tips for a Healthy Smile

Maintaining good oral hygiene is essential for a healthy smile that lasts a lifetime. While regular visits to your dentist are important, establishi...

Mixing Vintage and Modern: How to Create a Timeless Interior

Achieving a timeless interior that blends both vintage charm and modern sophistication can transform any home into a stylish, curated space. When do...

Sugar-Free Chocolate Treats: A Guilt-Free Indulgence

People are very conscious about their health and sugar-free chocolates are becoming a popular option. This is a delicious and very satisfying option...

The Most Scenic Sailing Destinations in Australia and New Zealand

Australia and New Zealand are home to some of the world’s most breathtaking sailing destinations. With vast coastlines, pristine waters, and diver...

How Portable Cool Rooms Can Enhance Event Catering: The Perfect Solution for Outdoor Events

If you are holding an event outdoors, then there should be quality food; otherwise, a well-planned outdoor event will not be successful. Because c...