Aon acquires benefit consulting firm Mayfair Consultancy Services

Aon has acquired Mayfair Consultancy Services, the international benefits brokerage portfolio of Mayfair Group, for an undisclosed sum. Through the deal the firm gains access to a broader offering through which it can better service its Indian multinational clients, among others.

Mayfair Consultancy Services is an insurance consultancy firm that offers International Private Medical Insurance product to Corporate Clients, particularly Indian multinationals. The firm was founded in 1990 by Michail Chopra, currently the firm’s CEO, and Don Chopra, currently a Managing Director at the firm. Mayfair is specialised in supporting clients in IT industry with a range of services, including the design, placement, and administration of International Benefits programmes. The firm, which is headquartered in London, has offices in Bangalore, Manila and Melbourne.

According to Aon, the acquisition of Mayfair will boost its presence in the global benefits consulting and solutions space. The deal, the value of which has not been disclosed, further adds to the firm’s portfolio of offering – particularly to one of its large client bases, Indian multinationals.

Commenting on the acquisition, said Tim Dwyer, CEO of Aon Health & Benefits in the Asia Pacific region says, “Mayfair’s expertise with Indian multinational companies and their leading operational platform, combined with Aon’s world class consulting, analytics and placement capabilities will create a powerful value proposition for Indian multinational companies.”

Remarking on the acquisition of the 30 year old company, Mike Chopra, CEO of Mayfair Group comments, “We have been exploring opportunities to enhance our offering to clients, and Aon was the perfect fit in terms of global footprint, expertise and culture. Together with Aon we look forward to providing truly distinctive solutions to Indian multinational companies and their subsidiaries.”