NU Online News Service, Feb. 27, 11:17 a.m.EST

Insurance broker Aon says it has acquired a provider of memberservices for the rent-to-own market to join its consumer,association and group program business, while Willis Group Holdingssays a subsidiary of Credicorp Ltd. has acquired close to 50percent interest in Willis Peru.

Aon says its subsidiary, Aon Affinity, the consumer, associationand group program business of Aon Risk Solutions, the riskmanagement business group of Chicago-based Aon Corp. has acquiredAccess Plans for more than $70 million cash.

Aon says Access Plans is the nation's largest membership planprovider in the specialty rent-to-own market space. The companybundles a broad range of non-insurance products and services–fromdiscounted medical, dental, vision and pharmacy services togroceries, restaurant meals and hotel rooms. These plans are soldto consumers primarily through more than 300 retail and rent-to-ownbusinesses.

Access Plans recently divested its insurance marketing division,says Aon.

Aon says that the acquisition is expected to add approximately$18 million to firm's financials.

The executive team and administrative staff of Access Plans willremain in their Norman, Okla., and Irving, Texas, locations. AccessPlans will operate as a business unit of Aon Affinity, which isbased in Hatboro, Penn.

The transaction is expected to close during the second quarterof 2012 and is subject to various closing conditions.

Willis Group says Grupo Credito, a subsidiary of the Peruvianfinancial services group Credicorp Ltd., has acquired a 49.9percent interest in Willis Peru, a wholly-owned subsidiary ofWillis.

Terms of the transaction were not released, but Willis saysCredicorp's investment is less than 1 percent of Credicorp'scapital. Credicorp is a major financial services holding company inPeru with total assets of more than $30 billion.

The firm operates four principal subsidiaries, Banco de Creditodel Peru, Atlantic Security Holding Corp., El Pacífico-PeruanoSuiza Compañía de Seguros y Reaseguros and Grupo Credito (whichincludes Prima AFP).

Willis says that Credicorp's strategy is to expand its financialbusiness in Peru, specifically its insurance business. Willis hasentered into a commercial agreement to market affinity insuranceservices to certain affiliates of Credicorp.

Willis says it will continue to deliver brokerage services toclient's in Peru where it has operated for over 40 years and has astaff of more than 90 employees.

Carlos Miguel Vidal Buckley has been named chief executiveofficer of Willis Peru, subject to regulatory clearance. Buckleyjoins Willis from the Credicorp group of companies where he held anumber of strategic and operational senior management positions.Overall, he has over 18 years of experience in the insuranceindustry and commercial insurance broking market in Peru.

Jaime Herrera, the CEO of Willis Peru since 2005, has been namednon-executive president of Willis Peru.