Aon Merger

INTRODUCTION On the 2nd of December 2010 Aon mass proclaimed its plan to bid USD86 million to buy to the south African damages policy firm Glenrand MIB, giving the worlds largest indemnification talk terms a large armorial bearing in South Africa. Although this attainment 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 now 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 stack 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 crimp 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 corporat ions and businesses, insurance companies, professional organizations, independent agents and brokers, Governments, and other entities. It soon has a food product capitalization of more than 15bln USD. Headquartered in Johannesburg, Glenrand MIB provides insurance broking and risk consultative services.

Their strength is in financial insurance, mental synthesis and applied science insurance and professional indemnity and their primary(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 of fices in Botswana, Mozambique, Namibia, Swaz! iland and Zimbabwe. 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 recruit market share. In other words, the merger would get out in an improved service offering to existing and capableness 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

If you want to get a full essay, visit our page: cheap essay