WTW to buy specialist MGA in Italy

Deal 'underlines commitment' to market

WTW to buy specialist MGA in Italy

Insurance News

By Terry Gangcuangco

Broking giant WTW is acquiring AIMUW, a specialist managing general agent in Italy, for an undisclosed sum.

Announcing the signing of a definitive agreement, WTW described the deal as a reflection of the group’s global strategy to invest in high-performing businesses while underlining its commitment to the Italian market. The ambition, WTW said, is to enhance its wholesale business in Italy.

Founded by chief executive Aldo Iaquinta in 2018, AIMUW employs 40 people across the MGA’s headquarters in Rome and offices in Milan and Lecce. It specialises in areas like agriculture, the public sector, and professional services.

“The entire AIMUW team and I are thrilled to join forces with WTW, a distinguished and leading player in the Italian market,” Iaquinta commented. “WTW’s exceptional capabilities, skills, and data-driven approach provide the ideal platform for accelerating the growth trajectory of AIMUW, creating a strategic partnership aiming to achieve mutual success.”

Gianmarco Tosti, WTW’s head of the Mediterranean region for corporate risk and broking, cited AIMUW’s “solid and long-lasting” market relationships as well as valuable experience in high-potential sectors.

He declared: “This move represents further confirmation of WTW’s growth strategy in Italy, and I am confident that the addition of AIMUW will generate strategic value for the WTW portfolio and bring unparalleled value to our clients and the Italian market.

“Our aim is to build on AIMUW’s existing strong foundation and create a best-in-class MGA in Italy. We will continue developing innovative risk structures and specialist solutions for our clients, and AIMUW is a key part of that strategy.”

WTW Italy corporate risk and broking head Marco Antonio Colonna added that AIMUW is expected to propel WTW’s growth in the country.

“Aligned in our values and growth strategy, centred on a client-oriented approach, with specialised solutions and the ambition to attract top-tier talents, this partnership strengthens WTW’s leadership also in the MGA market, advancing our five-year plan in our country,” he said.

The acquisition is expected to be finalised next month.

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