Aon's subsidiary, Affinity Insurance Services Inc., has acquired a division of JLT Services Corporation, specializing in program administration for association-sponsored insurance programs.
The Chicago-based insurance brokerage firm said the JLT division has 50 employees in offices in Chicago and Latham, N.Y. Most are expected to join Aon, the firm said.
Aon said the combination of resources of the two would enhance technology-enabled service, especially in e-commerce, and provide market leverage and product diversity for the JLT associations. Affinity would benefit from an infusion of talented professionals, along with access to a proprietary administration and claims handling system.
“This strategic acquisition clearly demonstrates Aon's commitment to the affinity business model,” said Kevin Garvin, Affinity's chief executive officer.
Bill Vit, Affinity's president, said that to support continued growth, the company joined its health care and new association-sponsored life and health business in its Hatboro, Penn., office.
“The Affinity team will work closely with JLT colleagues to ensure a smooth transition for association members,” he said. “Over half of the acquired association programs offer their members a life and health insurance solution.”
“An exciting component of the acquisition is associations in two professional segments–real estate professionals and architects. The JLT relationships will enhance our knowledge in these professions,” Mr. Vit added.
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