Exclusive | Aon Nears Roughly $17 Billion Deal for Insurance Brokerage USI

Live updates

1. 11d ago

   Aon Agrees to Buy USI Insurance Services for $17 Billion

   Aon has agreed to acquire USI Insurance Services from KKR and co-investors for $17 billion in cash. The transaction aims to expand Aon's presence in the US middle-market insurance sector. Closing is expected in the fourth quarter of 2026. This acquisition represents a significant consolidation move within the global insurance brokerage industry.

   Why it matters

   USI was previously owned by the private equity firm KKR. The deal is described as the largest bet on the American middle-market insurance sector in a generation.

   What is confirmed

   • Aon is acquiring USI Insurance Services for $17 billion.
   • KKR is the seller of USI Insurance Services.

   Still unconfirmed

   • Aon is borrowing the full $17 billion to fund the acquisition.
   • The deal will close in the fourth quarter of 2026.

   What to watch next

   • Official closing of the transaction in Q4 2026
   • Regulatory approval filings for the merger
   Sources used for this update (4)

   1. internationalfinance.com — Aon to acquire USI in USD 17 billion deal as insurance consolidation intensifies
   2. baynews9.com — Final decisions pending as end-of-August deadline nears for Rays stadium deal
   3. www.martincid.com — Aon pays KKR $17 billion for USI — and borrows all of it
   4. beinsure.com — Aon to acquire USI Insurance Services from KKR for $17 bn
   confidence 90%
2. 15d ago

   Aon Nears $17 Billion Acquisition of Insurance Broker USI

   Aon is close to acquiring insurance brokerage USI from KKR in a deal valued at roughly $17 billion. The potential transaction, first reported by the Wall Street Journal, represents a major expansion of Aon's brokerage capabilities. While the financial terms have been widely cited across multiple financial news outlets, the deal has not been formally finalized. The acquisition would transfer ownership of USI from the private equity firm KKR to Aon.

   Why it matters

   This move signals a push by Aon to increase its market share in the insurance brokerage sector. USI is a significant player in the industry, and its acquisition from KKR would be one of the larger deals in the space.

   What is confirmed

   • Aon is nearing a deal to acquire insurance brokerage USI for roughly $17 billion.
   • The acquisition involves buying USI from KKR.

   What to watch next

   • Official confirmation of the deal from Aon or KKR
   • Finalized purchase price and payment terms
   • Regulatory approval timelines for the acquisition
   Sources used for this update (10)

   1. WSJ — Exclusive | Aon Nears Roughly $17 Billion Deal for Insurance Brokerage USI
   2. Crain's Chicago Business — Aon closes in on another blockbuster insurance deal
   3. Seeking Alpha — Aon is said to near $17B deal for USI insurance, WSJ reports (AON:NYSE)
   4. TradingView — Aon Nears Roughly $17 Billion Deal For Insurance Brokerage USI From KKR - WSJ
   5. marketscreener.com — Aon close to acquiring USI Insurance from KKR in $17 billion deal, WSJ reports
   6. GuruFocus — AON Looks 9.5% Undervalued on GF Value™ Amid $17B USI Insurance Deal
   7. PYMNTS.com — CPI | Aon Nears $17 Billion Acquisition in Insurance Brokerage Push
   8. Bloomberg.com — Aon Nears Deal to Buy Insurance Brokerage From KKR, WSJ Reports
   9. CNBC — Aon nears $17 billion deal to buy insurance broker USI, WSJ reports
   10. GuruFocus — AON Looks 9.5% Undervalued on GF Value™ as It Nears $17B USI Ins
   confidence 95%