Aon plc (AON) Unit Completes Stroz Friedberg Acquisition

November 1, 2016 8:13 AM EDT

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Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), announced it has completed its acquisition of Stroz Friedberg, Inc., a leading global risk management firm based in New York City, with offices across the U.S. and in London, Zurich, Dubai and Hong Kong. Financial terms were not disclosed.

"We welcome our new Stroz Friedberg colleagues to Aon," said Mike O'Connor, chief executive officer, Aon Risk Solutions. "We have brought together two of the world's most highly-skilled and accomplished teams focused on cyber risk transfer, mitigation, advisory, and response. As we work to help clients understand and mitigate new and evolving risks in a rapidly changing world, they will now have access to the most advanced thinking and solutions in the industry."

Stroz Friedberg's more than 550 colleagues are joining Aon's Cyber Solutions Group. Michael Patsalos-Fox, Stroz Friedberg's chief executive officer, will become the chief executive officer and co-chair of Aon's Cyber Solutions Group. John Bruno, Aon's executive vice president of enterprise innovation and chief information officer, will join Patsalos-Fox as co-chair of this new group.

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