It claimed the transaction gives Aon one of the most comprehensive correspondent networks on the continent, backed by an African-owned company.
The new entity will be led by Joe Onsando, currently CEO of Aon Sub Saharan Africa, supported by his existing teams in all countries.
Terence Williams, CEO of Aon South Africa, said: “Aon is delighted to partner with Minet as our global network correspondent on the continent. Capitalworks brings a sound understanding of local market conditions, strong governance and a solid track record in the Africa region.
“This transaction affirms Aon’s commitment to help clients reduce volatility and find opportunities to improve performance using insights derived from data and analytics. We combine this with optimal broking strategies, collaborating with correspondents, carriers and suppliers, both locally and internationally,” Mr added Williams. CRA Newsletter