Aon Finalizes Purchase of International Insurance Brokers in India

Aon plc, a global professional services firm, has announced the successful completion of its acquisition of Global Insurance Brokers (GIB), a move that will enhance its risk and human capital offering for clients in India. The acquisition expands Aon’s capabilities in the country, allowing them to better navigate volatility and make informed decisions.

GIB, now wholly owned by Aon, will integrate with Aon India Insurance Brokers (AIIB) after the finalization of the merger process later this year. In the meantime, GIB will operate independently as an Aon company. Rishi Mehra, head of Aon for India, will join the GIB board as chairman, working closely with Jon Pipe, CEO of AIIB, to serve clients effectively.

“This acquisition marks a significant milestone for Aon in India and demonstrates our commitment to the market,” said Mehra. “The combined talent and capabilities of our two firms will create new opportunities for our colleagues and enable us to better meet the evolving needs of our clients.”

The merger strengthens Aon’s broking and advisory capabilities across commercial risk, health, and reinsurance markets, aligning with Aon’s talent consulting business. With over 1,100 colleagues in India working together, the integrated team will accelerate Aon’s strategy. Following the merger process, GIB will transition to Aon’s brand.

Jon Pipe expressed excitement about the collaboration, highlighting the shared values and commitment to client excellence between GIB and Aon. Prabodh Thakker, outgoing chairman of GIB, emphasized the value this acquisition brings to clients and colleagues, positioning Aon well to lead in the dynamic Indian insurance market.

The acquisition of GIB by Aon represents a strategic move to enhance their offerings in India, providing clients with comprehensive risk and human capital solutions.