Aon Acquires USI Insurance Services for $17 Billion
Aon has announced its acquisition of USI Insurance Services, an insurance brokerage firm owned by private equity firm KKR, in a deal valued at $17 billion. The transaction is expected to close in the fourth quarter of 2026. The move reflects growing consolidation trends within the highly fragmented insurance brokerage industry as firms seek to strengthen their market presence and competitive positioning through large-scale acquisitions. USI Insurance Services was founded in 1994 and provides a range of services including property and casualty, employee benefits, personal risk management, program administration, and retirement solutions. This acquisition underscores Aon's strategy to expand its offerings and enhance client value by integrating additional capabilities from USI into its existing portfolio.
Topics: acquisition brokerage insurance