logo
Plus   Neg
Share
Email
Comment

Back Aon To Acquire National Flood Services - Quick Facts

Aon Affinity, the consumer, association and group program business of Aon Risk Solutions, the global risk management business of Aon plc (AON), Friday announced that Aon US Holdings Inc, a subsidiary of Aon, has agreed to acquire StoneRiver National Flood Services Inc from StoneRiver Group L.P.

According to Aon, National Flood Services is a leader in U.S. flood insurance processing and technology. Financial terms were not disclosed. The acquisition is subject to customary closing conditions.

"The acquisition of National Flood Services will allow Aon Affinity to meet the growing client demand for enhanced flood insurance solutions and expertise in the U.S.," said Bill Vit, president and CEO of Aon Affinity.

"By combining Aon Affinity's extensive knowledge of insurance solutions and affinity program management capabilities with National Flood Services' industry-leading flood risk assessment technology for commercial and residential markets, Aon Affinity is expected to continue to expand its flood solutions to a larger client base within this growing sector."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Google plans to commission three underwater cables in 2019 as part of efforts to expand its cloud business amid stiff competition from rivals Microsoft and Amazon. The three fiber-optic subsea cables will run across different routes. Google noted that it has spent $30 billion to improve its infrastructure over three years. McDonald's Corp. said Tuesday that all of its packaging worldwide will come from renewable, recycled or certified sources by 2025, up from the current figure of 50 percent. The fast food giant also aims to recycle guest packaging in all its restaurants by then, compared with only 10 percent of its restaurants currently. General Electric Co. (GE) will take an after-tax charge of $6.2 billion in its fourth quarter results as part of comprehensive review of its finance arm's insurance portfolio. The after-tax charge will be $7.5 billion when adjusted to the rate following the recent U.S. tax overhaul.
comments powered by Disqus
Follow RTT