Aon to Acquire In-House Insurance Agency of Mitsubishi Chemical Group in Japan

The in-house insurance agency operates as part of Dia Rix, an in-house business services provider to MCG. Aon will acquire the insurance agency business which provides corporate and personal lines insurance to MCG group companies and employees in Japan. The divestiture will allow MCG to divert resources and investment to its core business while leveraging Aon's global risk management capabilities to strengthen its global governance.

Following the close of the transaction, the team will transition to Aon’s brand and operating model, under the leadership of Tatsuya Yamamoto, head of Aon in Japan, bringing together a combined team of more than 400 colleagues.

Anne Corona, CEO for Aon in Asia Pacific commented: “This acquisition reinforces our investment in Japan as an important market for us. The existing synergies we share with Dia Rix in terms of capability and culture will allow us to better serve MCG as well as strengthen broader capability and development opportunities for colleagues at the combined firm.”

Tatsuya Yamamoto added: "The current changes in the non-life insurance environment in Japan will foster an environment in which global companies like the MCG Group can focus on their core business by divesting their in-house insurance agency operations, while at the same time supporting their operational efficiency strategies and leveraging a group of experts like Aon to provide an opportunity for more sophisticated global risk management. We are well situated to take this business forward building on our existing capabilities and growth momentum and continue to provide optimal solutions for all our clients in Japan.”

The firms will continue to operate independently until the transaction is completed, which is expected in the first half of 2025.

Read more about Aon’s capabilities in Japan here.

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