Aon to Acquire Mitsubishi Chemical Group’s Insurance Agency

Aon plc has made a significant move in the insurance sector by announcing a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG). The deal, which is anticipated to close in early 2025, holds great promise for both parties.

The insurance agency, which operates under Dia Rix, plays a crucial role in providing corporate and personal insurance to MCG’s group companies and employees. Through this acquisition, Aon aims to bolster its risk and health services in Japan. It also offers MCG the opportunity to concentrate its resources on its core business operations. Additionally, MCG stands to gain from Aon’s extensive global risk management expertise, which will help in strengthening its corporate governance.

Once the transaction is completed, the team associated with the acquired insurance agency will shift to Aon’s brand and operating model. Under the leadership of Tatsuya Yamamoto, Aon’s Japan head, the combined team will consist of over 400 employees. This merger is likely to have a far-reaching impact on the insurance landscape in Japan and potentially set new trends in risk and health services, as well as corporate insurance management.

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