Willis Towers Watson is set to acquire French aviation broker, OAAGC – a move that will see Willis’ aviation business expand to top aviation insurance and reinsurance broker in France.
The acquisition would transfer the entire OAAGC team and book of business over to Willis, and offer OAAGC clients access to Willis’s global network of aviation industry experts and risk solutions.
Gilles Bénéplanc, Head of Willis Towers Watson France, said; “I am delighted with this transaction, which would strengthen our company Gras Savoye – Willis Towers Watson. The contribution of OAAGC teams, whose expertise is highly acknowledged in the aviation insurance sector, would help us to better serve our customers in terms of People and Risk advising, brokerage and solutions in the aircraft industry.”
Eric de Cugnac, President of OAAGC, added; “The transaction would allow the expertise of our staff to further develop via full access to the extensive resources of Willis Towers Watson, which in turn would benefit our client’s experience. I am very pleased and proud that I am part of this historic and unique combination.”
The deal is subject to consultation with workers’ councils. The terms of the transaction were not disclosed.
