Aon Risk To Buy FCC Global Insurance Services

Dec 17, 2009 (FinancialWire via COMTEX) -- (Comment on this article at http://www.financialwire.net/2009/12/17/aon-risk-to-buy-fcc-global-insurance-services-2/)

December 17, 2009 (FinancialWire) -- Aon Risk Services, the risk management and insurance brokerage business of Aon Corp. (NYSE: AON), said it will acquire FCC Global Insurance Services, the in-house captive brokerage subsidiary of FCC.

FCC Global Insurance Services is a subsidiary of Fomento De Construcciones Y Contratas, S.A.

Financial terms of the acquisition were not disclosed. The transaction is scheduled to close by the end of the year. As a result, ARS will become the exclusive global insurance broker for FCC for a term of 10 years.

FCC is the second largest construction conglomerate in Spain and the 7th largest in Europe, specializing in infrastructure, environmental and related public services.

Aon is a provider of risk management services, insurance and reinsurance brokerage, and human capital consulting.

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