Aon Merger

INTRODUCTION On the 2nd of December 2010 Aon confederation inform its plan to bid USD86 million to buy to the south African damages policy firm Glenrand MIB, giving the worlds largest policy talk terms a large posture in South Africa. Although this scholarship did not marque too much noise at global take aim (due to the size of Aon Corporation), it definitely had a big impact on Aon South Africa. The combined entity instantly owns 18 branches in South Africa and the merger is allowing an improvement in the service to all exist clients. Glenrand MIB has become a slew subsidiary of Aon and was delisted from the Johannesburg Stock commutation in April 2011. Headquartered in Chicago, Aon Corporation is a risk, actuarial, healthcare and hideaway funding consultancy and insurance broking take up of credit which operates across the world. With an employee base of 59000 mass and 500 offices in more than 120 countries, the Companys clients include corporations a nd businesses, insurance companies, professional organizations, independent agents and brokers, Governments, and other entities. It soon has a foodstuff capitalization of more than 15bln USD. Headquartered in Johannesburg, Glenrand MIB provides insurance broking and risk informatory services.

Their strength is in financial insurance, mental synthesis and engine room insurance and professional indemnity and their chief(prenominal) strain is on businesses (65% of its activities). Glenrand MIB focuses on short-term insurance. The Companys strong presence in South Africa is complemented by offices in Botswan a, Mozambique, Namibia, Swaziland and Zimbab! we. Anton Roux, chief executive director officer for Aon Sub-Sahara Africa, said that prior to the merger the two firms had a complemental strategic fit that could be exploited to educate market share. In other words, the merger would guide in an improved service offering to existing and likely clients of two companies. BACKGROUND ON AON Aon Corporation has three main business lines which, in turn, specialize in...If you want to get a full essay, order it on our website: BestEssayCheap.com

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