CHICAGO – Aon plc (NYSE:AON), the leading global provider of risk management and human resource consulting and outsourcing, announced today that it acquired the assets of Minneapolis-based Stratford 360, a leading provider of customized executive and physician supplemental benefit and deferred compensation plan design, consulting and administrative services. Financial terms were not disclosed.
The Stratford 360 team, which caters exclusively to hospitals, clinics and other health care organizations, will join the Executive Benefits group within Health & Benefits. The acquisition increases the U.S. Executive Benefits presence to more than 100 specialists and strengthens Aon’s ability to deliver comprehensive, differentiated, value-added benefits solutions to professionals in the rapidly evolving health care industry.
“Hospitals and health systems are competing for physician and executive talent like never before,” said John Zern, Americas Health & Benefits practice director at Aon. “The combination of Stratford’s extensive experience in the health care industry and Aon’s superb Executive Benefits technical, administrative and insurance resources offers clients unparalleled support to achieve greater results with regard to their physician and executive benefit programs.”
Tom Fitzgerald, CEO of Aon Risk Solutions’ U.S. Retail operations added, “We strive to bring clients the best, most thoughtful solutions that help them achieve their goals. Stratford 360 is the undisputed leader when it comes to physician and executive disability, life insurance and non-qualified retirement plans. Adding these capabilities to Aon’s unmatched expertise in benefits design and consulting adds another dimension to how we are able to empower results for clients.”
“Founded 40 years ago in 1973, Stratford 360 has a long-standing reputation for service excellence and thought leadership,” said Drew Erra, Stratford 360 executive vice president and principal. “We are excited to bring our high-quality work and innovative solutions to the Aon family and their clients.”
The current Stratford 360 leadership team, including Erra, and Jim Nelson, Chief Strategy Officer and principal, will remain in their current positions. The consolidated team will be led by Todd Chambley, senior vice president and Executive Benefits practice leader at Aon.
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 65,000 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, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon’s global partnership and shirt sponsorship with Manchester United.
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