UK professional services company Aon has reached a co-broking agreement with Protecdiv, a minority-owned enterprise (MBE) broker.
The partnership aims to enhance service offerings to US-based public and private sector entities.
Go deeper with GlobalData
Set up in 2018 and co-founded by CEO T. Kael Coleman and COO Paul C. Little, Protecdiv is an MBE and full-service insurance and reinsurance brokerage.
It specialises in serving public entities, specialty markets and multinational clients in the property, casualty, mortgage and credit risk transfer sectors.
The collaboration will involve commercial insurance and reinsurance solutions within the private and public sectors, and also focus on client access to small and local businesses.
Aon Global Regions and North America CEO Lori Goltermann said: “Aon is committed to making investments to increase our capabilities on behalf of the needs of our clients. We are pleased to collaborate with Protecdiv as we continue to deliver on a shared commitment to supplier diversity, innovation and impact, and shape better business decisions for all clients.”
Coleman said: “We are thrilled to work with Aon to deliver meaningful solutions to industry-leading clients and support their vital missions. This agreement combines Aon’s global scale with our supplier expertise to drive measurable impact across industries. Together, we aim to expand opportunities and provide exceptional service to public entities, corporations and underserved communities.”
In the fourth quarter of 2024 (Q4 2024), Aon posted net income attributable to shareholders of $716m (£567.85bn), a 44% increase compared with Q4 2023.
The insurer’s net income attributable to shareholders for the full year of 2024 stood at $2.65bn, up 4% from $2.56bn in the prior year.
