Aon Corp. announced the completion of the sale of its U.S.-based wholesale broking operation, Swett & Crawford, to an investor group including Hicks, Muse, Tate & Furst Incorporated and Banc of America Capital Investors. Terms of the sale were not disclosed.
Greg Case, Aon’s president and CEO, noted, “We believe Swett & Crawford has a great future. With the completion of the sale transaction, Swett & Crawford can now move forward to realize its full potential.”
Aon Corp. is a provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting.