Aon to acquire Mitsubishi Chemical Group’s insurance agency

The insurance agency, part of Dia Rix, provides corporate and personal insurance.

Aon plc announced a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG). 

The transaction is expected to close in early 2025.

The acquisition aims to enhance Aon’s risk and health services in Japan.

The insurance agency, part of Dia Rix, provides corporate and personal insurance to MCG’s group companies and employees. 

The deal will enable MCG to focus resources on its core business whilst benefiting from Aon’s global risk management expertise to strengthen governance.  

Upon completion, the team will transition to Aon’s brand and operating model under the leadership of Tatsuya Yamamoto, Aon’s Japan head. The combined team will include over 400 employees.