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Aon has announced that it has acquired Victoria-based brokerage, Affinity Insurance Brokers (AIB).
The deal will see AIB maintain its operations in Cheltenham, as the international brokerage expands its footprint in the motorsport and leisure industries.
Lambros Lambrou, current CEO of Aon Risk Solutions, said that the appeal of AIB was its strong experience in equine, leisure and motorsport as the brokerage has more than 30 years’ experience in these specialist markets.
Lambrou also noted that the deal highlights Aon’s strategy for growing its Australian presence.
“This is further evidence of our deliberate and strategic growth through acquisition,” Lambrou said.
“We are actively focused on adding to our footprint both through the establishment of new branches and through the purchase of quality local businesses.”
Peter Grant, CEO of AIB, said that the deal will be a boost to current and potential clients.
“By utilising world class capabilities to meet local needs, we will be able to build on the excellent service provided by the brokers at Affinity Insurance Brokers giving clients access to Aon’s diverse range of market-leading products and solutions and its depth of expertise,” Grant said.
Lambrou noted that Grant will remain with the business as the deal doubles Aon’s equine business.
The acquisition was finalised on 1 March.
