Aon Shares Fall on $17 Billion USI Insurance Deal
By Katherine Hamilton
Aon shares slid after it agreed to buy insurance brokerage USI Insurance for $17 billion, including debt.
The stock fell 7% to $330.60 Monday. Shares are down 4% this year.
Aon is buying USI, which helps businesses and individuals find insurance policies and build benefit plans, from the private-equity firm KKR.
Aon plans to fund the transaction with new debt raised across a range of maturities. It doesn't intend to buy back any shares in the near-term as it prioritizes debt repayment, the company said.
The deal comes as KKR has been offloading more assets amid a struggling private-equity market. The company recently sold its data-center cooling business CoolIT and closed a $23 billion fund focused on private-equity investments in North America.
During a call Monday morning, investors noted that USI's organic growth was lower than Aon's in 2025. Aon's executives responded by saying that USI will bring more services to customers and will help fuel mid-single-digit percentage growth or higher.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
August 31, 2026 11:50 ET (15:50 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Companies to Invest in Now
The 10 Best Dividend Stocks
United States