Aon Acquires Israel-Based Atlas Insurance Agency
Aon plc has acquired the operations of Atlas Insurance Agency, an Israel-based insurance firm specializing in marine cover. Atlas, a Lloyd’s cover holder with 50 years of experience, provides insurance for cargo, hull and machinery, and charterers’ professional liability. The acquisition bolsters Aon’s marine insurance capabilities in Israel, supporting its regional growth strategy.
Several Atlas employees, including Ronen Hakham-Aharon and Adv. Ohad Hakham-Aharon, sons of the company founder Adv. Kaduri Hakham-Aharon, will transition to Aon. Both have been involved in Israel’s marine insurance sector and participate in related training and academic activities.
Aon stated that the acquisition will enhance its ability to deliver data-informed marine insurance and risk management services in Israel. The integration is expected to improve Aon’s response to risks associated with trade developments, technology, climate change, and workforce trends.
This acquisition follows Aon’s November 2024 announcement to acquire UK-based insurance broker Griffiths & Armour. Once finalized in the first quarter of 2025, Griffiths & Armour will operate as “Griffiths & Armour, an Aon company.”
The acquisition is part of Aon’s continued expansion. The company recently reported a 16% year-on-year revenue increase to US$4.7 billion for the first quarter of 2025, driven by its NFP acquisition, 5% organic revenue growth, and a 2% negative impact from foreign currency translation. Adjusted net income attributable to Aon shareholders rose to US$1.2 billion, up from US$1.1 billion in the same period last year.
