Analysis in support of merger of major brokers

Genesis was retained to assist AON, one of the world’s top corporate brokers, in its acquisition of Glenrand, one of South Africa's largest brokers.

At the time of the merger, both parties were operating as brokers in the short-term insurance industry in South Africa.

The project team conducted a competitive assessment of each of the relevant markets including the personal, commercial and corporate segments of the short-term insurance brokerage market.

The analysis presented by Genesis found that the proposed merger did not raise any substantial competitive concerns.

The competition authorities ultimately approved the transaction.