Aon’s Affinity Business Expanded Through Acquisition of JLT Services Corporation Division
Affinity Insurance Services Inc., a subsidiary of Aon Corp., has acquired a division of JLT Services Corporation (JLT) specializing in program administration for association-sponsored insurance programs. Long-term relationships have been developed with a dozen elite non-profit organizations to manage the insurance brokerage, marketing and administration needs of association members.
The JLT division being acquired has 50 employees in offices in Chicago and Latham, New York most of whom will be joining the Aon operation. Affinity has 1,000 employees in its 30 offices and serves 13 million customers.
“This strategic acquisition clearly demonstrates Aon’s commitment to the affinity business model,” said Kevin Garvin, Affinity’s CEO. “Aon started in the affinity business in 1947 with the endorsement of the American Institute of Certified Public Accounts insurance program.” Other association member clients of Affinity include those representing doctors, financial professionals, lawyers, insurance agents, travel agents and nurses whose time is devoted to professional endeavors.
“To support continued growth, we brought together our health care and new association-sponsored life and health business into a dedicated unit in our Hatboro, Penn., office,” Bill Vit, Affinity’s president, said. “The Affinity team will work closely with JLT colleagues to ensure a smooth transition for association members. Over half of the acquired association programs offer their members a life and health insurance solution.”
“An exciting component of the acquisition is associations in two professional segments — real estate professionals and architects. The JLT relationships will enhance our knowledge in these professions,” Vit added.
Source: Aon Corporation