LONDON, Nov. 25, 2016 /PRNewswire/ -- Aon today announced
it has entered into an agreement to acquire Admix, a leading health
and benefits brokerage and solutions firm in Brazil. Financial terms were not disclosed and
the acquisition is subject to customary closing conditions and
regulatory approval.
"The private health insurance market in Brazil has shown steady growth in recent years
despite challenging macroeconomic conditions. We expect growth in
this sector to accelerate as economic conditions improve and
employers continue to look for ways to attract and retain key
talent," said John Zern, CEO,
Aon Health & Benefits. "Admix
complements Aon's existing industry-leading capabilities, more than
doubles our presence in Brazil and
also expands our ability to serve clients in Latin America, and around the world."
Admix is a recognized pioneer and innovator in health and
benefits brokerage and solutions in Brazil that has been serving clients for more
than 25 years. The company has more than 1.4 million beneficiaries
across approximately 6,700 companies of all industries and sizes
and places approximately $2 billion
BRL in health & benefits premiums each year.
"Aon's breadth and depth of experience, strong carrier
relationships, and world-class capabilities will enhance our
ability to create and execute health solutions," said Cesar Antunes, founder and owner of Admix.
"Admix's broker partners and clients will continue to realize
financial and operational benefits from a scaled operating platform
as well as enhanced data & analytics capabilities. We are
excited about Aon's vision for the future of health and benefits in
Brazil as evidenced by this
investment to create a combined firm with the highest quality
people and solutions in the industry."
"We have been exploring opportunities to enhance our
capabilities in Brazil and the
Latin America region, and the
acquisition of Admix provides us with expanded offerings in a
sector that is of growing importance to employers, the country's
economy and consumers in Brazil,"
said Fernando Pereira, CEO, Aon Risk
Solutions Latin America. "We are enthusiastic about the
opportunities that our union with Admix will deliver to our
clients, broker partners and colleagues."
About Aon
Aon plc (NYSE:AON) is a leading global provider of risk
management, insurance brokerage and reinsurance brokerage, and
human resources solutions and outsourcing services. Through its
more than 72,000 colleagues worldwide, Aon unites to empower
results for clients in over 120 countries via innovative risk and
people solutions. For further information on our capabilities
and to learn how we empower results for clients, please visit:
http://aon.mediaroom.com.
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About Admix
Admix is a leading health and benefits broker and benefits
administrator focused on the SME market in Brazil. Founded 25 years ago and located in
São Paulo, Brazil, with over 900 employees, Admix serves more than
6,700 clients and has issued more than $500
million in premium in 2015. Admix's strength lies in its
deep knowledge of clients and products, combined with its scale,
distribution (more than 500 active associated brokers) and superior
technology, that enables a superior value proposition for clients.
Admix's proprietary IT platform allows real-time operations
monitoring and efficient implementation for new clients. The firm
is uniquely positioned to succeed in the high-growth Brazilian
private health and benefits market.
Aon Media Contacts:
Maurissa
Kanter
Senior Director, Global External Communications
Aon
maurissa.kanter@aonhewitt.com
+1 847 442 0952
Luis Felipe Barranco
Marketing and Communications Director
Aon Brazil
felipe.barranco@aon.com
+55 11 47005134
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SOURCE Aon plc