2 November 2016 Insurance

Aon acquires risk management firm; boosts cyber unit

Aon Risk Solutions, the risk management business of Aon, has acquired Stroz Friedberg, a New York-based risk management firm with offices in the US, London, Zurich, Dubai and Hong Kong.

More than 550 colleagues at Stroz Friedberg will join Aon’s cyber solutions group, as part of this acquisition.

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 the group.

"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."

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