Aon plc announced it has completed its acquisition of the international health and benefits brokerage portfolio of Mayfair Group, a solutions provider to Indian multinational companies.
Terms of the transaction were not disclosed.
Aon now will assume responsibility for all insurance placement and benefits consulting activity, while Mayfair will continue to provide administration and portal capabilities to clients, explained a Aon representative.
“Both parties will work closely to ensure that we jointly deliver and meet the current and ongoing needs of our clients,” the representative added. “This acquisition places Aon in a leading position to advise Indian multinational corporations on employee benefits solutions, and to establish a global benefits footprint in the world’s second most populous country and seventh largest economy.”
“Mayfair’s expertise with Indian multinational companies and their leading operational platform, combined with Aon’s world class consulting, analytics and placement capabilities will create a powerful value proposition for Indian multinational companies,” said Tim Dwyer, CEO, Aon Health & Benefits Asia Pacific, in Singapore. “We are excited at the opportunity to grow our offering to clients in one of our most important markets.”
“We have been exploring opportunities to enhance our offering to clients, and Aon was the perfect fit in terms of global footprint, expertise and culture,” said Mike Chopra, CEO of Mayfair Group. “Together with Aon we look forward to providing truly distinctive solutions to Indian multinational companies and their subsidiaries.”
Mayfair Consultancy Services Ltd. was established in 1990. Headquartered in London with offices in Bangalore, Manila and Melbourne, Mayfair specializes in the design, placement and administration of international benefits programs for Indian multinational companies.
Source: Aon plc
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