Aon failed in its bid to buy Newman Martin and Buchan last week, market sources said.
It is understood that the deal fell through.
Newman Martin and Buchan, which trades in the Lloyd's and Company markets, specialises in energy, marine and non-marine insurance and reinsurance.
It employs a large number of specialist ex-Aon staff, making it an attractive acquisition for Aon.
A Newman Martin spokesman said it was not company policy to comment.
An Aon spokesman said that the company did not comment on individual acquisitions.
Newman Martin and Buchan was founded in 1987, led by Gordon Newman, Chris Martin and Barry Buchan.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
