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Aon to Acquire Commercial Insurance Activities of ABN AMRO in The Netherlands

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Posted on 16 Apr 2012

Aon plc, the leading global provider of risk management solutions and human resources outsourcing and consulting services, announced its Dutch subsidiary Aon Groep Nederland B.V. intends to acquire the intermediary activities for commercial insurance from ABN AMRO Bank N.V. Financial terms were not disclosed.

The proposed acquisition pertains to ABN AMRO's insurance activities for large commercial enterprises as well as certain activities for small and medium-sized enterprises. This includes services such as risk consulting, insurance brokerage and the management of policies. In total, 78 employees will transfer to Aon Risk Solutions, the global risk management business of Aon.

Lex Geerdes, CEO ARS Benelux/Nordics and country manager of Aon Nederland, said: "The insurance activities we will be acquiring from ABN AMRO will add to our capability to better serve our clients. They are a perfect fit for our current services and represent an investment in further growth in the Netherlands for Aon."

Steve McGill, chairman and chief executive officer of Aon Risk Solutions, added, "This acquisition brings together two premier organizations and reinforces Aon’s strong commitment to the Netherlands. Combining the best talent between the two firms enhances our ability to deliver world-class solutions to our clients."

The transaction is subject to certain customary conditions.


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