The combination of Aon’s insurance broking business with the MAC Group will result in a market leading local broker of a scale that will be of long-term benefit to all clients.
The sale of the business to MAC Group was completed on 31 January 2023. All former staff working for Aon have moved to the MAC Group, which will ensure that the existing levels and continuity of service will be maintained.
Commenting on the sale Aon said:
“The transaction will give the combined businesses a scale and opportunity for synergy that will enable it to better advocate on behalf of clients and ultimately provide incremental customer value. We are confident that the combination of the two businesses will provide the Isle of Man market with an unrivalled commercial insurance broker.”
The MAC Group was established in 2004 by Jon McGowan as a management buy-out from Aon and, with Jon having originally worked for Aon since 1991, the connection between the two businesses stretches back over 30 years.
MAC has recently employed Phil Tompsett, former Head of Broking at Aon as MAC’s Head of Broking providing additional expertise and continuity for clients and staff.
MAC’s success is based on a clear focus on client outcomes supported by outstanding long-term professional service. Through this ethos, MAC has built a reputation for delivering a trusted, reliable and creative service founded on the highest level of integrity and knowledge.
MAC are based in the heart of the island’s financial sector at 65 Athol Street in Douglas and with the planned addition of the Aon team, employ over 40 people across the Group.
Commenting on the acquisition, Jon McGowan, MAC Group CEO, said:
“At MAC, we are constantly assessing strategic opportunities to grow our successful insurance and financial services businesses.
“The acquisition of Aon’s business in the Isle of Man is a significant development both for MAC and our clients. I am delighted to welcome the former Aon clients and staff into the MAC Family.”
MAC Employee Benefits Conference 2019
A first-of-its kind Employee Benefits Conference held on the Isle of Man. This event is invitation only and designed for HR or Senior Management delegates who would like to discover more ways to value their people. It's gearing up to be a...
MAC Employee Benefits Conference 2019 Intro
Something’s coming. An invitation only, first of its kind, Employee Benefits Conference on the Isle of Man. The team at MAC Group have been considering a conference on the Island for a while now, a way to share some knowledge on how to really...
Cybercrime: How can we protect ourselves?
Cybercrime: How can we protect ourselves? Welcome to our final article on Cybercrime. If you’ve not already seen the others start there. The first, “What is Cybercrime and how can we prevent it?”, the second “Cybercrime, why is it on the rise?”...
Nugent Santé Private Medical Insurance
Some news here from our sister company - Nugent Santé regarding private medical insurance for clients based on the Isle of Man. We thought this may be prudent to share, given the recent news. If you're not currently a client of theirs, please feel...
We advise more employers than any other firm. Business 365
We're delighted to be featured in the October Business 365 edition. We continue to be the number one firm for advice on employee benefits, specifically in relation to the new Pension Freedom Scheme. Don't rush into poor decisions, seek appropriate...
Cybercrime. Why is it on the Rise?
“A low risk crime, that provides high pay offs”, a quote from a recent McAfee report that much of the reason for the rise in Cybercrime can be attributed to. Add on the increasing accessibility to the internet across the World, the increased use of...
The Isle of Man Ladies Cycle Team
We’ve all heard the quote, a healthy body, a healthy mind and we hope you’ve seen the recent exiting news about Jon, all reasons why here at MAC we continue to back all things sport. The Isle of Man Ladies Cycle Team, pictured here with Jon, are...
Cyber Attacks. What are they? How do they affect us?
See the words cyber attack, and criminals with sophisticated skill sets and resources might instantly spring to mind, but that’s not always the case. As highlighted recently by Equifax, easy to guess passwords, not changing default passwords on...
Nugent Santé
Our associated business, in the UK Nugent Santé is one of the North West’s fastest growing Private Healthcare insurance intermediaries. New brochure just released. If you can't view the flash version below, here's a link to the PDF - Nugent Santé...