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Aon Risk Solutions to acquire NY-based risk management firm

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Aon Risk Solutions to acquire NY-based risk management firm

AonPlc's global risk management business, Aon Risk Solutions, agreedto acquire Stroz Friedberg Inc., a New York-basedglobal risk management firm.

Aon and Stroz Friedberg will join forces to create a cyber riskmanagement advisory group.

More than 550 employees from Stroz Friedberg will join Aon'scyber solutions group. Stroz Friedberg CEO Michael Patsalos-Fox will become CEOand co-chair of Aon's cyber solutions group. Aon's executive vice president ofenterprise innovation and chief information officer, John Bruno, will alsoco-chair the new group.

Financial terms of the deal, which is subject to customaryclosing conditions, were not disclosed.