A globally active insurance brokerage has agreed to acquire a Zurich-based insurance and pension adviser as it aims to expand the business with pension solutions.
Aon Switzerland has agreed to buy PWZ, a Zurich-based insurance and pension adviser, the company said in a statement today. The transaction will boost Aon’s business with small and medium-sized companies and in particular the offering of pension solutions to such companies.
Aon is a globally active insurance brokerage and consulting firm, with offices in more than 120 countries and about 50,000 employees.
Wave of Consolidation
PWZ was founded in 1985. Roberto Pertoldi is the owner and chief executive officer of the company.
The Swiss brokerage business has seen a wave of mergers and acquisitions in recent months. finews.com also has written about the consolidation in the industry.
