December 7, 2009
Aon Corp. to acquire construction insurer Allied North America
Aon Risk Services, the risk management and insurance brokerage arm of Aon Corp., will acquire Allied North America, one of the largest independent surety and construction insurance brokerage firms in the U.S., Aon announced today (Dec. 7).
Terms of the acquisition were not disclosed but the deal is expected to close by the end of the year.
"Through the increased broking capability provided by Allied North America, we are enhancing our global construction powerhouse as well as our abilities to better serve our clients and grow our business around the world," Aon Corp. CEO Gregory Case said in a news release.
Following the acquisition, Bill Marino, the current chairman of Allied, will become president of Aon’s global construction business and vice chairman of Aon Construction Services Group.
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