In an emailed release, Insuramore noted: “Using the data collected for 2022, the acquisition of NFP has the following impacts on Aon’s positioning in the insurance broking sector: for total broking activity, its global market share would move up from 7.6% to 8.8%, and it would remain in second place behind Marsh McLennan; for commercial property & casualty retail broking business, its global market share would advance from 8.9% to 9.7%, and it would also remain in second place behind Marsh McLennan in this field; for private P&C retail broking business, its global market share would surge from 1.0% to 1.7%, and it would rise from 22nd to ninth position in a comparatively fragmented segment; for employee benefits activity plus life and health insurance retail broking, its global market share would increase from 6.4% to 8.5%, and it would remain in third place behind WTW and Marsh McLennan; for reinsurance broking business, it would continue to be ranked first worldwide with a global market share edging up from an already dominant 30.8% to 31.8%.”
How will the NFP acquisition impact Aon’s market standing?
