[20 February 2013]:  Aon Sub-Sahara Africa, a business unit of Aon plc (NYSE:AON) today announced that it will divest of its entire shareholding in Aon Zimbabwe.    

   

 

 

Following the suspension of Aon Zimbabwe’s licence and in response to statutory instrument 243 of 2006 and 59 of 2005 of the Zimbabwe Insurance act, and in order for the business to comply with all local legislation, Aon plc has made a decision to sell its entire shareholding to a local entity which has also agreed to set up an employee share trust simultaneous to the sale process,” explains Anton Roux, CEO of Aon South Africa and Sub-Sahara Africa.   

   

 

 

Aon Zimbabwe (Private) Limited has been operating in Zimbabwe since 1947 and is the global brokerage’s oldest operation in Sub-Sahara Africa.    

  

 

 

“We have reached final agreement with the local entity.  Subject to the necessary regulatory approvals for the sale, we will jointly make an announcement with regard to the identity of the shareholder and the structure of the new business.   

  

 

 

“Aon will however retain a presence in Zimbabwe through an exclusive correspondent arrangement with the new entity to ensure that our global clients that are domiciled in Zimbabwe will continue to get the service they are accustomed to. Aon will also assist the new entity with technical expertise and resources to ensure that the business will continue and that both the local and global client risks are addressed with best practice,” explains Roux.   

   

 

 

Aon remains committed to investing and growing its client service capabilities on the African continent.  On the Africa continent, Aon operates in 12 countries and employs more than 2,000 people. It is the only fully diversified global broker and risk advisory on the continent with clients ranging from the individuals to top-end multinational businesses.   

   

 

 

-Ends-

   

 

About Aon Sub-Sahara Africa

Aon leads its competitors in Africa by a significant margin in every recognized measurement – revenue, number of countries in which business is conducted, number of branches, number of colleagues, diversity of skills, and diversity and spectrum of offering. Aon Sub Sahara Africa is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. Channelling the largest volume of premium into the African insurance market across all classes of business, including corporate, commercial and personal lines, the company employs more than 2000 professionals in its 12 countries in Africa.

    

 

About 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 62,000 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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Teresa Settas

TSC

Tel: (011) 894 2767 or 082 653 9935

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