Aon sells Combined to Ace

Aon Corp, the world's second-largest insurance broker, is selling Combined Insurance Company of America, an accident, health, and life insurer, to US insurer Ace.

 

Ace expects to more than double Combined's revenue growth within a few years.

 

The sale includes the UK subsidiary Combined Insurance, which may be kept separate at first, but in the longer term merged into Ace’s UK  insurer.