Aon Puerto Rico picks up Casellas & Co.

“The quality, service and accessibility of Aon Puerto Rico have been strengthened with this acquisition,” said Aon Puerto Rico President & CEO Iván Méndez.

“We are satisfied to complete this deal that further illustrates our commitment to our clients and the island,” Méndez said. “While others focus on the crisis, Aon looks for immediate opportunities to continue its growth and to remain a leader.”

Aon Puerto Rico is part of global insurance and reinsurance broker Aon, a leader in the industry for its multifaceted retail insurance-brokerage and risk-management services.

Aon Puerto Rico is divided into four main units: commercial and personal lines; construction and bonds; employee benefits; and claims.

Miguel A. Casellas Jr., the president of the 20-year Casellas & Co., has been appointed executive vice president of Aon Puerto Rico under the acquisition deal.

“The Casellas group is very satisfied with the support demonstrated by the Aon family. They have been very receptive to our business system and us with them,” Casellas said. “We are sure that the relationship with Aon will result in important benefits for our clients, boosting services and competitiveness in the industry.”

“Both companies are represented by local talent and this is something to recognize in this economic climate,” he added.

The merger promises to facilitate the access of products and services in risk management in industries such as construction, transportation, heavy equipment, manufacturing, provisions and aviation, among others.