Europe

Aon complete Swedish acquisition

Broker Aon has completed the acquisition of local Swedish insurance broker FörsäkringsUtveckling AB (FUAB). The latter will be merged into the local Aon subsidiary. FUAB specialises in the provision of affinity solutions, systems and service programs for large organisations. FUAB manages group-based health care, personal and liability insurances programs. In a statement, the chief executive of Aon Sweden, Jacob Schlawitz, described the employee benefits systems employed by FUAB as the most up to date in the region. According to Aon Sweden, the company currently services over 40,000 policyholders. Aon is keen to strengthen its presence in the Nordic region, particularly in the employee benefits market which is expected to expand significantly over the next two to three years. Prior to the completion of the FUAB deal, Aon Sweden hired several insurance, risk management and pension consultants for its Stockholm office.