Aon Baltic acquires independent insurance broker Balto Link
Vilnius, 9 January 2018 - Aon Baltic, a subsidiary of Aon plc the leading global professional services firm providing a broad range of risk, retirement and health solutions, has announced it has completed the acquisition of insurance broker Aon Baltic. Financial details of the transaction have not been disclosed.
Aon Baltic is a well-established insurance broking firm in the Baltic region, specialising in large corporate business and online sales. Both companies are present in Estonia, Latvia and Lithuania and will be able to offer clients across the region a wide range of risk and insurance consulting solutions.
General Manager of Aon Baltic Žilvinas Petrauskas commented: “Joining forces with Aon Baltic will create value and empower results for clients of both firms. Aon Baltic’s technological expertise and quality people will complement Aon Baltic’s existing strengths in risk management, mitigation and transfer. Clients of Aon Baltic will benefit from the breadth and depth of Aon’s global presence and expertise across risk, retirement and health.”
He continued: “We plan to continue to invest in people, technology and data analytics, all of which will enable us to serve our clients more effectively. We also plan grow our retail business across all the Baltic States, expanding the online business in Latvia and Estonia.”
Robertas Šaltis, Managing Director Baltics of Aon Baltic, said: “Joining Aon Baltic and becoming part of a global firm will enable us to provide enhanced solutions to our clients. We believe that strong business synergies between the two firms will bring opportunities and benefits to colleagues and clients alike.”
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.