To strengthen existing broking and advisory capabilities across the commercial risk, health, and reinsurance markets, Aon plc (NYSE: AON), a professional services firm announced the acquisition of Global Insurance Brokers (GIB). 

After completing the transaction, GIB is now wholly owned by Aon and will formally integrate with Aon India Insurance Brokers (AIIB) following the finalisation of the National Company Law Tribunal merger process which is expected later this year. In the interim, GIB will operate independently as an Aon company.

Rishi Mehra, head of Aon for India, will join the GIB board as its chairman subject to customary approvals. Jon Pipe, CEO and principal officer of AIIB and GIB’s existing executive leadership team, will work closely with Mehra to help clients make better decisions to protect and grow their business.

“The exceptional talent and breadth of capabilities across our two firms will create opportunities for our colleagues and expand our ability to better serve the growing needs of our clients,”said Mehra.

“India presents significant opportunities for growth and innovation,” said Pipe.