Aon plc announced on November 26, 2024, the signing of a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG) in Japan. This acquisition is set to enhance Aon's risk and health capability offering in the Japanese market. The insurance agency, operating as part of Dia Rix, provides corporate and personal lines insurance to MCG group companies and employees.
The divestiture allows MCG to reallocate resources to its core business while leveraging Aon's global risk management capabilities to strengthen its global governance. Anne Corona, CEO for Aon in Asia Pacific, stated that this acquisition reinforces Aon's investment in Japan as an important market. The existing synergies in capability and culture are expected to benefit both MCG and Aon's colleagues.
Following the close of the transaction, expected in early 2025, the team will transition to Aon's brand and operating model under the leadership of Tatsuya Yamamoto, head of Aon in Japan. This integration will bring together a combined team of over 400 colleagues, further strengthening Aon's ability to provide optimal solutions for clients in Japan.
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