In July 2009, Aon Corporation (NYSE: AOC) of Chicago, Illinois completed the sale of the British and Irish businesses of its insurance premium finance subsidiary Cananwill, Inc. to Macquarie Group (ASX: MQG) of Sydney, Australia. Terms of the transaction were not disclosed. Colonnade Securities LLC served as exclusive financial advisor to Aon Corporation and Cananwill on the transaction. Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 70 office locations in 26 countries and employs approximately 12,700 people. More information about the company is available … [Read more...]
Colonnade Advises Aon on its Sale of Cananwill’s Canadian Business to Macquarie Group
In July 2009, Aon Corporation (NYSE: AOC) of Chicago, Illinois completed the sale of the Canadian business of its insurance premium finance subsidiary Cananwill, Inc. to Macquarie Group (ASX: MQG) of Sydney, Australia. Terms of the transaction were not disclosed. Colonnade Securities LLC served as exclusive financial advisor to Aon Corporation and Cananwill on the transaction. Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie operates in more than 70 office locations in 26 countries and employs approximately 12,700 people. More information about the company is available at www.macquarie.com. … [Read more...]
Colonnade Advises Aon on its Sale of Cananwill–Australia to Allianz Group
In July 2009, Aon Corporation (NYSE: AOC) of Chicago, Illinois completed the sale of the Australian business of its insurance premium finance subsidiary Cananwill, Inc. to Allianz Group (ETR: ALV) of Munich, Germany. Terms of the transaction were not disclosed. Allianz owns Hunter Premium Funding Ltd., which is a leading premium finance company in Australia. Colonnade Securities LLC served as exclusive financial advisor to Aon Corporation and Cananwill on the transaction. The Allianz Group is one of the leading integrated financial services providers worldwide. With nearly 155,000 employees worldwide, the Allianz Group serves approximately 75 million customers in about 70 countries. On … [Read more...]
Colonnade advises Aon on its sale of Cananwill (US) to BB&T
January 2009 PITTSBURGH, PRNewswire-FirstCall/ -- AFCO Credit Corporation today said it plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corporation. Glenview, Ill.-based Cananwill provides insurance premium financing for commercial property and casualty policies. It was founded in 1937. AFCO is the primary insurance premium finance subsidiary of Branch Banking and Trust Company, the principal subsidiary of Winston-Salem, N.C.-based BB&T Corporation. Pending regulatory approval, the AFCO purchase is expected to be completed by the end of the first quarter. Terms were not disclosed. BB&T is the second largest provider of … [Read more...]