AON BUYS 25% HOLDING IN ISRAELI BROKER AMINIM

Chicago-based broking, consulting and underwriting group Aon has reached an agreement to acquire a 25% stake in Tel Aviv-based insurance broker Aminim. Terms of the deal — which remains subject to regulatory approval — were not disclosed, though Aon is understood to planning to rename the operation Aon-Aminim Insurance Brokers but continue to market life and non-life products of most of the local market’s major players. Last year Aminim recorded premium turnover of $80m.