Aon Sells Insurance Cos. To ACE & Munich Re

Chicago-based Aon said it will sell Combined Insurance Company of America, based in Glenview, Ill., for $2.4 billion in cash to Bermuda-based ACE. Combined Insurance is an underwriter and distributor

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Aon insurance brokerage is selling its two insurance companies for close to $3 billion to ACE Limited and Munich Re Group in an all cash deal.

Analysts and rating firms saw the deals as a positive for all the parties involved.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
Educational webcasts, resources from industry leaders, and informative newsletters.
Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account? Sign In Now

Recommended Stories

Tax season 2021: Don't overlook these 12 deductions

Michael S. Fischer | April 16, 2021

Insurance professionals and their families could qualify for these commonly missed tax breaks when filing 2020 returns.

Meet the recipients of the 2021 RIMS awards

Heather A. Turner | April 16, 2021

Discover the industry professionals who will be honored for their outstanding achievements at the upcoming RIMS LIVE 2021 virtual conference.

On-demand auto telematics & the permissible use of data

John Chalfant | April 16, 2021

Discover how data exchanges and some regulatory clarity can further bolster auto telematics.

Resource Center

Get a deep dive into advanced driver assistance systems and their impact on insurance loss costs.

White Paper

Sponsored by LexisNexis Risk Solutions

ADAS Analysis Creates Path for Auto Insurance Rating

Get a deep dive into advanced driver assistance systems and their impact on insurance loss costs.

Browse More Resources ›

Discover the top 5 goals for insurers this year and how to overcome related challenges.

eBook

Sponsored by Guidewire Software

Top 5 Imperatives of 2021: Insurer Priorities, Challenges, and Successes

Discover the top 5 goals for insurers this year and how to overcome related challenges.

Browse More Resources ›

Focusing on long-term security planning is essential to ensuring your platform can meet future business needs, customers’ expectations, and regulators’ demands over time. Is your business security ready?

Article

Sponsored by OneShield Software

Are You Really Security Ready?

Focusing on long-term security planning is essential to ensuring your platform can meet future business needs, customers’ expectations, and regulators’ demands over time. Is your business security ready?

Browse More Resources ›

PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.