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Sunday, March 1, 2009

Aon South Africa has confirmed that Competitions Commission approval has been obtained for its acquisition of Heritage Insurance Brokers and Heritage Management Services (see Insurance Times & Investments Vol 21.10 page 5 November 2008).
Effectively this will see an additional 100 staff consolidating with Aon across its three main regions, taking the number of branch offices countrywide to nine. This includes Kroonstad, which was an existing Heritage branch but a new branch area for Aon. 
Anton Roux, CEO of Aon Sub Saharan Africa, says the acquisition will strengthen the company’s overall position in the South African market by allowing it entry into new areas of business where it currently had no presence. He also confirmed that the Heritage client base would complement Aon’s existing strength in its middle market commercial and personal lines business as well as some of the top end JSE listed clients.
  Added value will also be generated by 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 continue to run independently.

Copyright © Insurance Times and Investments® Vol:22.3 1st March, 2009
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