Insurance broker Willis Towers Watson announced the acquisition of Aerosure, a leading aviation industry specialist, focused on the Australia, New Zealand and Pacific Island region.
Aerosure, based in Sydney, will become a part of Willis Towers Watson’s (WTW) Global Aerospace business, providing a suite of aviation insurance broking solutions to service the insurance and risk needs of the aviation industry in Australia and New Zealand, as well as the broader Asia Pacific region.
Financial terms of the deal were not disclosed.
Greg Rector, current managing director of Aerosure, will move into WTW as managing director, Australasia Aviation Division, and will be joined by his colleagues from Aerosure.
“Aerosure is a leading aviation industry specialist with a large book of aviation focused industry clients, including airlines, airports and air traffic control, committed to the long-term position of its clients. Over the years, it has not only grown to become the pre-eminent specialist aviation broker in the region but has contributed to the growth and development of the aerospace community in Australia and New Zealand,” commented Simon Weaver, head of Corporate Risk & Broking, Asia and Australasia, and head of Australasia.
He said that WTW has worked in close partnership with Aerosure to provide services to local aviation clients for many years.
“By combining the capabilities of Aerosure, this acquisition further expands the footprint of our aerospace business, enhancing our client offering both locally and globally as the teams work together with our aviation specialists in over 35 locations across the WTW network,” said John Rooley, CEO, Global Aerospace, WTW. “The combination of our teams will strengthen our value proposition for our clients as a world-leading insurance broker and trusted risk adviser in the aerospace industry, providing them with a wide and deep range of solutions.”
Greg Rector, managing director, Aerosure, said: “We are delighted to take our partnership with WTW to the next level to provide added value to all of our aviation focused industry clients. This partnership has proven to be an industry leading proposition for all of our clients, and we are extremely excited to be cementing our relationship for the benefit of all our clients across Australia, New Zealand and the Pacific Islands.”
The acquisition is effective immediately.
Topics Mergers & Acquisitions Agencies Aviation Willis Towers Watson
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