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SOURCE Aon plc
Acquisition advances Aon Affinity's ability to serve clients in the flood insurance sector, National Flood Services is a leader in U.S. flood insurance processing and technology
CHICAGO, July 15, 2014 /PRNewswire/ -- Aon Affinity, the consumer, association and program business of Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), today announced that Aon US Holdings, Inc., a subsidiary of Aon, has completed its acquisition of StoneRiver National Flood Services, Inc. and related entities ("National Flood Services") from StoneRiver Group, L.P. Financial terms were not disclosed.
"We welcome the talented National Flood Services team into our firm and we will work together 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. "Combining our 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 will allow Aon Affinity to expand its flood solutions to reach a larger client base with this growing sector."
National Flood Services is uniquely positioned to help Aon Affinity expand its flood offerings and distribution channels, and will continue to execute its growth strategy led by its existing management team.
About Aon Affinity
Aon Affinity is the trade name for Affinity Insurance Services, Inc. Aon Affinity combines the specialized knowledge of affinity program management with the extensive resources of a global company to help Empower Results for our clients. With an innovative approach to program strategy, from the design of products and services to the delivery of the marketing message, Affinity offers full-service capabilities; technical expertise and industry knowledge to deliver value to clients. Visit http://www.aon.com/affinity for more information.
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, best reinsurance intermediary, best captives manager, and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon's global partnership with Manchester United.
Vice President, Aon Global Public Relations
Vice President, Aon Affinity
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