Aon to buy ABN AMRO insurance brokerage operationsPosted On: Apr. 13, 2012 12:00 AM CST
AMSTERDAM—London-based Aon P.L.C. said its Rotterdam-based Aon Groep Nederland B.V. subsidiary will acquire the commercial insurance intermediary operations of ABN AMRO Bank N.V.
Amsterdam-based ABN AMRO’s insurance activities include a risk consultant and insurance brokerage for small, midsize and large commercial enterprises. In total, 78 employees will transfer to Aon Risk Solutions, the global risk management business of Aon, the companies said.
“This acquisition brings together two premier organizations and reinforces Aon’s strong commitment to the Netherlands,” Aon Risk Solutions Chairman and CEO Steve McGill said in a statement. “Combining the best talent between the two firms enhances our ability to deliver world-class solutions to our clients.”
Financial terms of the transaction were not disclosed.