Willis Towers Watson has acquired aviation industry specialist Aerosure, as the broker looks to bolster its own capabilities in the space.
Sydney-based Aerosure will be integrated into WTW’s global aerospace business, with the former firm’s Managing Director Greg Rector set to serve alongside his colleagues as MD, Australasia Aviation Division.
Simon Weaver, Head of Corporate Risk & Broking, Asia and Australasia, and Head of Australasia, underlined Aerosure’s leading-status as an aviation industry specialist.
“Over the years, it has not only grown to become the pre-eminent specialist Aviation broker in the region but has contributed to the growth and development of the aerospace community in Australia and New Zealand,” Weaver said.
John Rooley, CEO, Global Aerospace, WTW, commented, “We are very excited by the deal and delighted that the highly talented Aerosure team is joining WTW.
“By combining the capabilities of Aerosure, this acquisition further expands the footprint of our aerospace business, enhancing our client offering both locally and globally as the teams work together with our aviation specialists in over 35 locations across the WTW network.
“The combination of our teams will strengthen our value proposition for our clients as a world-leading insurance broker and trusted risk adviser in the aerospace industry, providing them with a wide and deep range of solutions.”
Rector added, “We are delighted to take our partnership with WTW to the next level to provide added value to all of our aviation focused industry clients.
“This partnership has proven to be an industry leading proposition for all of our clients and we are extremely excited to be cementing our relationship for the benefit of all our clients across Australia, New Zealand and the Pacific Islands.”