Reported 1 day ago
Aon is set to divest the majority of NFP's wealth business to Madison Dearborn Partners for $2.7 billion, refocusing on its core insurance brokerage operations. This sale comes after Aon's acquisition of NFP in 2024 for $13 billion, which aimed to enhance its position in the middle market for insurance and wealth management. The deal, which includes several advisory firms, is expected to close in the last quarter of the year.
Source: YAHOO