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Aon South Africa acquires Heritage Insurance Brokers

06 October 2008 | People and Companies | Mergers & Acquisitions | Aon South Africa

Aon South Africa, a leading risk and insurance broker today announced its acquisition of Heritage Insurance Brokers and Heritage Management Services, effective 1 October 2008.

Anton Roux, CEO of Aon Sub Saharan Africa, says the acquisition of Heritage will strengthen Aon’s overall position in the South African market place by allowing it entry into new market spaces where it currently has no presence. He says Aon will also benefit from the increased new business inflow through the Heritage branch network and from the specific industry knowledge the Heritage businesses bring.

Roux confirmed that Heritage Financial Services (the life broking business) and the Underwriting Agencies will not be acquired by Aon and will continue to run independently.

The transaction, which is still subject to Competition Commission approval in South Africa, will see all aspects of service previously provided by Heritage Insurance Brokers and Heritage Management Services continue uninterrupted. For the immediate future, all contact details remain unchanged. Roux says the integration process will begin shortly with minimum disruption anticipated for clients.

Anton Roux, CEO of Aon Sub Saharan Africa, says the acquisition of Heritage will strengthen Aon’s overall position in the South African market place by allowing it entry into new market spaces where it currently has no presence. He says Aon will also benefit from the increased new business inflow through the Heritage branch network and from the specific industry knowledge the Heritage businesses bring.

Roux confirmed that Heritage Financial Services (the life broking business) and the Underwriting Agencies will not be acquired by Aon and will continue to run independently.

The transaction, which is still subject to Competition Commission approval in South Africa, will see all aspects of service previously provided by Heritage Insurance Brokers and Heritage Management Services continue uninterrupted. For the immediate future, all contact details remain unchanged. Roux says the integration process will begin shortly with minimum disruption anticipated for clients.

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