Aon CEO says insurance broker seeks to build 'premiere middle market platform' with purchase of rival USI
Aon is acquiring insurance brokerage USI from KKR in a transaction valued at $17 billion. The Aon CEO stated the purchase is intended to create a "premiere middle market platform." This move expands Aon's presence in the US middle market and contributes to intensifying consolidation within the global insurance brokerage industry. The deal involves the transfer of USI from the private equity firm KKR to Aon plc.
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- ✓ Aon is acquiring USI in a $17 billion deal.
- ✓ KKR is selling USI to Aon plc.
- ✓ The Aon CEO intends to build a "premiere middle market platform" through the purchase of USI.
What changed
Aon and KKR have confirmed the $17 billion sale of USI to Aon plc.
Live updates
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Aon to acquire insurance broker USI for $17 billion
Aon is acquiring insurance brokerage USI from KKR in a transaction valued at $17 billion. The Aon CEO stated the purchase is intended to create a "premiere middle market platform." This move expands Aon's presence in the US middle market and contributes to intensifying consolidation within the global insurance brokerage industry. The deal involves the transfer of USI from the private equity firm KKR to Aon plc.
Why it matters
The insurance brokerage sector is seeing increased consolidation as firms seek larger market shares. This acquisition targets the middle-market segment, which serves businesses smaller than global corporations but larger than small local firms.
What is confirmed
- Aon is acquiring USI in a $17 billion deal.
- KKR is selling USI to Aon plc.
- The Aon CEO intends to build a "premiere middle market platform" through the purchase of USI.
What to watch next
- Regulatory approval of the $17 billion transaction
- Integration timeline for USI into Aon operations
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- WSJ — Exclusive | Aon Nears Roughly $17 Billion Deal for Insurance Brokerage USI
- Crain's Chicago Business — Aon closes in on another blockbuster insurance deal
- Bloomberg.com — Aon Nears Deal to Buy Insurance Brokerage From KKR, WSJ Reports
- CNBC — Aon CEO says insurance broker seeks to build 'premiere middle market platform' with purchase of rival USI
- Financial Times — KKR is the rare private equity firm that bets on itself
- businesswire.com — KKR To Sell USI to Aon plc in $17 Billion Transaction
- internationalfinance.com — Aon to acquire USI in USD 17 billion deal as insurance consolidation intensifies
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