STATISTICS:

AON Baltic acquires one of the largest broking firm in the Baltic region

AON Baltic, a subsidiary of global risk and insurance brokerage company AON, has announced it has completed the acquisition of insurance broker BALTO LINK.  Financial details of the transaction have not been disclosed.

BALTO LINK is one of the largest broking firm in the Baltic region, specialising in large corporate business and online sales. Both companies are present in Estonia, Latvia and Lithuania.

"Joining forces with BALTO LINK will create value and empower results for clients of both firms. BALTO LINK's technological expertise and quality people will complement AON Baltic's existing strengths in risk management, mitigation and transfer. Clients of BALTO LINK will benefit from the breadth and depth of AON's global presence and expertise across risk, retirement and health. We plan to continue to invest in people, technology and data analytics, all of which will enable us to serve our clients more effectively. We also plan grow our retail business across all the Baltic States, expanding the online business in Latvia and Estonia", said Zilvinas PETRAUSKAS, General Manager of AON Baltic.

"Joining AON Baltic and becoming part of a global firm will enable us to provide enhanced solutions to our clients. We believe that strong business synergies between the two firms will bring opportunities and benefits to colleagues and clients alike", said Robertas SALTIS, Managing Director Baltics of BALTO LINK.

According to 4-traders.com, after the merger of the companies, AON Baltic will have almost 300 employees across the Baltic states. Zilvinas PETRAUSKAS will continue work in his position, while Robertas SALTIS will become the executive director in the company.

BALTO LINK was founded in 2000 by two former J&H Marsh & McLennan executives in Lithuania: Robertas SALTIS and Jolita PALEKAITE.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

AXA: acquisition of XL Group completed

AXA has announced on September 12 that it has completed the acquisition of XL Group Ltd, a leading global Property & Casualty commercial lines insurer and reinsurer with strong presence in North America, Lloyd's, Europe, and Asia-Pacific.

2018-09-13

QBE's received approval to move its European business to Brussels

QBE European Operations, the business insurance specialist, part of the Australian QBE Insurance Group, has received the High Court approval for moving its general insurance business written through its European branch network to QBE's new Belgian (re)insurance entity, QBE Europe SA/NV.

2018-09-11

ON THE MOVE

TOP EVENT

photodune-3834701-laughing-girl-xs

LIVE: 1st National Reinsurers Summit in Moscow: focus on global cooperation

Today has started in Moscow the 1st National Reinsurers Summit "National Reinsurers: Focus on global cooperation". Organized by the Russian National Reinsurance Company (RNRC) with the support of the Central Bank of the Russian Federation, the conference has the xprimm.com insurance portal as Media Partner.

20.09.2018

photodune-3834701-laughing-girl-xs

LIVE from Monte Carlo: The 62nd edition of the "Rendez-Vous de Septembre"

The 62nd edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers starts Sunday in Monte Carlo. XPRIMM Publications covering the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel, as well as at the most important venues in Monte Carlo.

13.09.2018

Willis Re - Market still soft, but functional

Despite the high losses from 2017 the reinsurance market is still soft, James KENT, Global Chief Executive Officer (CEO) of Willis Re stated at a press briefing in Monte Carlo.

10.09.2018

See all