WTW - WTW set to acquire AIMUW in major boost to risk advisory and broking presence in Italy | Benzinga
MILAN, Italy, Dec. 14, 2023 (GLOBE NEWSWIRE) -- WTW (NASDAQ:WTW), a leading global advisory, broking, and solutions company, has signed a definitive agreement to acquire AIMUW, a specialist Managing General Agent (MGA) in Italy.
The deal reflects WTW's global strategy to invest in high-performing businesses and to explore the growing connection between risk and capital. It also underlines WTW's commitment to the Italian market and its ambition to enhance its wholesale business there.
AIMUW has a strong reputation in the Italian market and deep expertise in several key verticals, including agriculture, the public sector, and professional services. The company, headquartered in Rome and with offices in Milan and Lecce, has a team of 40 and was founded in 2018 by Italian entrepreneur Aldo Iaquinta. He brings 25 years of extensive industry experience and a strong General Agency track record.
Following the planned completion of the agreement, AIMUW will retain its current brand, which is widely recognized in the Italian market, and it will also maintain an operational independence.
Gianmarco Tosti, Head of the Mediterranean Region ...