Aon plc has successfully acquired the in-house insurance agency business of Mitsubishi Chemical Group (MCG), effective March 1. The business, which was previously part of Dia Rix, the service provider for MCG’s group companies, will now operate under Aon.
Through this acquisition, Aon will deliver corporate and personal insurance services to MCG’s group companies and employees in Japan, as confirmed by a company press release.
The deal also expands Aon’s presence in Japan, adding 100 new employees to its workforce. This brings the total number of staff at Aon Japan to over 400.
Tatsuya Yamamoto, head of Aon Japan, highlighted the strategic significance of the acquisition, noting that the deal follows significant changes in the Japanese non-life insurance market, trends that many local companies are closely monitoring.
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