Aon plc has announced its intention to acquire the in-house insurance agency of Mitsubishi Chemical Group (MCG) in Japan, a move aimed at enhancing Aon’s risk and health service capabilities in the region. The financial specifics of the transaction were not disclosed, but Aon plans to adopt the agency’s operations and team, integrating them under its brand. This acquisition is expected to allow MCG to focus resources on its core business while leveraging Aon’s global risk management expertise. The deal is anticipated to close in early 2025, with both companies operating independently until then.
