Aon targets Latin American via acquisition

Aon Risk Solutions, the risk management business of Aon, has acquired Grana y Asociados, a Peru-based company specialising in risk and insurance solutions for individuals and businesses.

Grana y Asociados specialises in providing comprehensive advice and professional assistance for the prevention, reduction and management of the global risks facing individuals and businesses today, locally, regionally and globally. It has 60 team members based in Lima.

"Latin America is one of the fastest-growing regions and a key area of focus for Aon and our clients," said Michael O'Connor, chief executive officer of Aon Risk Solutions. "Grana is a market leader in Peru, with deep expertise in the construction and mining industries. Their local knowledge and expertise, combined with Aon's global strength, will empower results for clients in Peru."

Fernando Pereira, chief executive officer of Aon Risk Solutions in Latin America, said: "This is an exciting day for Aon, Grana and clients in Peru. The combination of Aon's global capabilities, access to data and distinctive market relationships and Grana's talent and understanding of the Peruvian market creates a risk and insurance partnership unlike any in this geography."

Santiago Grana Acuña, chairman of Grana y Asociados, added: "Over the past 19 years we built a great organization focused on serving clients with passion and integrity. Today we are proud to be able to partner with Aon, and take the next step in our journey to bring the best global capabilities, data and market access to clients in Peru."