Aon plans to acquire Indian-based brokerage firm

Global Insurance Brokers will transition to Aon's brand and operating model.

Aon has announced its plans to acquire Global Insurance Brokers, a composite broking firm in India.

The insurer said the acquisition is set to enhance Aon's risk capital capabilities in India and expand its footprint in the commercial risk, health, and reinsurance markets.

Global Insurance Brokers, founded in 1973, is said to have strong presence in India, providing risk management, insurance, and reinsurance broking services through its 17 offices.

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Upon completion of the transaction, Global Insurance Brokers will transition to Aon's brand and operating model. The combined team will comprise over 850 colleagues.

The combined capabilities of Aon and Global Insurance Brokers aim to provide clients with better services in addressing complex risks and evolving regulatory requirements. The acquisition will be overseen by Jon Pipe, CEO of Aon India Insurance Brokers Pvt Ltd.

Both Aon and Global Insurance Brokers will continue to operate independently until the completion of the transaction, which is expected to occur in the coming months, subject to regulatory approvals.