Aon acquires Peru-based Grana y Asociados, strengthens capabilities in Latin America

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Aug 06, 2014, 04:01 ET

LONDON, Aug. 6, 2014 /PRNewswire/ -- Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), announced the acquisition of Grana y Asociados, a Lima, Peru-based leader in risk and insurance solutions for individuals and businesses. Financial terms were not disclosed.

Grana y Asociados specializes in providing comprehensive advice and professional assistance for the prevention, reduction and management of the global risks facing individuals and businesses today, locally, regionally and globally. Grana y Asociados has 60 team members based in Lima.

"Latin America is one of the fastest-growing regions and a key area of focus for Aon and our clients," said Michael O'Connor, chief executive officer of Aon Risk Solutions. "Grana is a market leader in Peru, with deep expertise in the construction and mining industries. Their local knowledge and expertise, combined with Aon's global strength, will empower results for clients in Peru."

"This is an exciting day for Aon, Grana and clients in Peru," said Fernando Pereira, chief executive officer of Aon Risk Solutions in Latin America. "The combination of Aon's global capabilities, access to data and distinctive market relationships and Grana's talent and understanding of the Peruvian market creates a risk and insurance partnership unlike any in this geography."

"Over the past 19 years we built a great organization focused on serving clients with passion and integrity," said Santiago Grana Acuña, Chairman of Grana y Asociados. "Today we are proud to be able to partner with Aon, and take the next step in our journey to bring the best global capabilities, data and market access to clients in Peru."

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About Aon
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, best reinsurance intermediary, best captives manager, and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon's global partnership with Manchester United.