Aon takeover of reinsurance broker approved.
The FSA has rubberstamped Aon’s £900m acquisition of Benfield. Shareholders approved the deal last week.
Aon said in a statement that the FSA gave its approval on 21 October to the change in control that would result from the acquisition.
“[The FSA] has approved Aon Corporation, Aon Group Inc, and certain other Aon group companies as controllers of the FSA-regulated entities Benfield and Benfield Advisory.
“Completion of the acquisition remains subject to the satisfaction or, if appropriate, waiver of certain of the conditions set out in the shareholder circular posted to Benfield shareholders on 19 September.”