Analysis: Aon’s £10.6bn NFP takeover not enough for it to replace Marsh as largest global broker

Globe closeup

Aon’s £10.6bn acquisition of NFP earlier this week will not be enough to help it supplant Marsh McLennan as the world’s largest broker, according to a report.

Analysis from Insuramore indicates that Aon’s acquisition of NFP, announced on 20th December 2023, will have a “significant effect” on the insurance broking sector, representing the largest deal ever announced in the global insurance broking sector.

However, while for total broking activity, its global market share would move up from 7.6% to 8.8% it would remain in second place behind Marsh McLennan.

According to Insuramore’s global rankings of insurance broking and MGA/MGU groups, which were last

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Review of the Year 2024: Acrisure UK’s Mark McIlquham

Mark McIlquham, CEO of Acrisure UK, expresses disappointment at high-quality independent intermediaries selling to consolidators; still thinks a big insurer might snap up a broker; and reckons his children would take delight in watching him take part in a bushtucker trial on I’m a Celebrity ... Get Me Out of Here.

Newbie News: Podium Insurance Brokers

James Blair, CEO of Podium Insurance Brokers, tells Insurance Age how he started the business and how he aims to grow the specialist motorsport broker through word of mouth.

Review of the Year 2024: SSP’s Martyn Mathews

Martyn Mathews, MD of SSP Broker reflects on disappointing vote-winning rhetoric, renaming the NEC the Mathews Arena, and asks whether the FCA might roll back a little on some of the principles of Consumer Duty and Fair Value

Review of the Year 2024: Markerstudy’s Gary Humphreys

Gary Humphreys, group chief underwriting officer at Markerstudy, hails the completion of the Atlanta deal, dreams of having the MGA’s brand adorn the Tottenham Hotspur Stadium and mulls sitting on the sofa and doing Channel 4’s Gogglebox.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: