Aon to acquire USI, aiming for leading US middle-market platform
Aon has announced its agreement to acquire USI, a major U.S. insurance brokerage firm. The deal is intended to create a leading platform for the U.S. middle market.
Aon, a global professional services firm, has entered into an agreement to acquire USI, a significant player in the U.S. insurance brokerage sector. The financial terms of the transaction have not been disclosed, but the acquisition is positioned to enhance Aon's standing within the American middle-market segment.
This move follows Aon's recent acquisition of NFP and signifies a strategic push to capture a larger share of the growing U.S. middle-market business. The company anticipates that combining with USI will enable it to offer enhanced choice, superior solutions, and greater value to its client base.
The acquisition is also expected to broaden Aon's access to the Excess & Surplus (E&S) insurance market in the United States. This specialized market caters to businesses with complex or unique risk exposures that may not be adequately covered by standard insurance policies.
The transaction is anticipated to close by the end of 2024, subject to customary closing conditions and regulatory approvals. Aon provides a range of risk, retirement, and health solutions.