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Brokerage M&A trend to continue: Moody’s
19 July 2010
The Aon/Hewitt transaction announced last week is the latest in a long run of acquisitions in the insurance brokerage market. This trend looks set to continue, according to rating agency Moody’s.
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M&A
aon
Hewitt Associates
Swett & Crawford
cooper gay
moody's
The Aon/Hewitt transaction announced last week is the latest in a long run of acquisitions in the insurance brokerage market. Given the fragmented nature of the industry, particularly in the US, this trend looks set to continue, according to rating agency Moody’s.
Aon it will purchase human resource consultant Hewitt Associates for $4.9bn. The news came just days after the completion of the combination of US wholesale broker Swett & Crawford and London-based Cooper Gay to form a global wholesale and reinsurance broker.
“Mergers and acquisitions have been critical growth drivers for virtually all major insurance brokers, and we...
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