Aon acquires Mark Kelly Insurance to extend presence in North Queensland
Strategic move reinforces Aon's commitment to the region
Sydney, 4 September, 2017 – Aon has announced it has acquired Mark Kelly Insurance and Financial Services in a strategic move that aims to enhance and extend Aon's presence in North Queensland.
The acquisition will see Mark Kelly Insurance and Financial Services – located in Ayr, Townsville and Ingham – join Aon's existing businesses in Ayr and Townsville. The deal is part of a strategic move that seeks to cement Aon as the preeminent North Queensland broker.
Lambros Lambrou, CEO of Aon Risk Solutions in Australia, said Mark Kelly Insurance and Financial Services was carefully chosen for acquisition because it aligned with Aon's strategy to expand and enhance its footprint in the area.
"Having operated in this region for more than 50 years, we already have four branches and more than 2,500 clients in Cairns, Townsville, Ayr and Mackay. We have been looking for the right opportunity to reaffirm our commitment to the North Queensland community, so we're excited by the potential our strengthened team now presents in this market," he said.
The combined businesses will deliver the regional expertise, scale and broking experience needed to meet the unique challenges that clients face in North Queensland, particularly when it comes to severe weather risk.
"We're thrilled to be joining Aon's established operations because of the opportunities this opens for our existing clients. While it's business as usual for Mark Kelly Insurance and Financial Services' clients, they'll also benefit immediately from Aon's diverse range of market-leading risk products and solutions," Mr Kelly said.
Aon's expanded North Queensland presence adds to its national network in every capital city and more than 30 existing regional locations.
"Our organisation's strength lies in our ability to bring world-class capabilities to a local context. The acquisition means we are now ideally positioned to build on the great work and experience we have established in North Queensland," Mr Lambrou said.
The acquisition was finalised on 31 August, 2017.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.