Aon plc, the global professional services company, has further reinforced its Israeli market position by acquiring Atlas Insurance Agency, Israel’s most experienced marine insurance and logistics-specialized insurer. The acquisition strengthens Aon’s leadership position as the preeminent marine risk solution provider in the Eastern Mediterranean.
As global supply chains become more complex and risk-prone, this transaction can put Aon in a position to ride a wave of rising demand for specialty marine insurance on one of the planet’s most vital sea routes.
Israel is one of the leading seaborne trading countries on the global platform. Over 99% of Israeli imports and exports are handled through Israel’s ports, including Haifa, Ashdod, and Eilat. With increasing logistical sophistication, geopolitical risk, and cyberattacks, the demand for customized and integrated marine insurance is picking up pace.
By accessing Atlas Insurance Agency’s established domestic client base and using their experience, Aon is immediately exposed to this expanding demand—providing other services to shippers, exporters, importers, logistics businesses, and port operators.
Atlas Insurance Agency has built a 70-year brand as a known name in marine insurance with the following products:
- Marine cargo insurance
- Freight forwarder liability
- Hull and machinery coverage
- Transport and logistics risk solutions
Aon’s purchase will merge these solutions with its global presence, enormous data analytics, and creative risk transfer products.
“The union of Atlas with Aon Israel enables us to deliver world-class marine capability to regional clients with the support of international markets and web-based platforms,” a representative of Aon explained.
Major Benefits for Israeli Marine Industry Clients
Aon will offer through the acquisition:
- Global risk placement ability to access Lloyd’s and other reinsurance markets
- Advanced analytics to facilitate marine risk modeling and claims forecasting
- Improved claims handling and advocacy
- Multinational program structure to facilitate Israeli corporations with multinational operations
This positions Aon not only as a supplier but also as a strategic partner to corporations confronted with the increasingly risky shipping and logistics environment.
According to Allied Market Research, the marine insurance market will reach $31.5 billion by 2031 at a moderate growth rate of 3.1%. The Middle Eastern region, and specifically Israel, is emerging as a growth zone due to infrastructural investment, port privatization, and foreign trade expansion. Aon’s acquisition of Atlas Insurance Agency has one message and only one message: that the company is committed to local leadership in high-specialization markets. In Israel, where maritime commerce is both necessary and vulnerable, the acquisition unites global vision with local expertise to build long-term growth in marine logistics.
With the purchase of Atlas Insurance Agency, Aon is establishing the new standard for marine insurance growth in Israel. By combining global capability with local market expertise, Aon will be ideally placed to provide innovative risk solutions to address the specific needs of Israel’s maritime economy. As increasing uncertainty in global supply chains poses increasing challenges to businesses, this transaction is not opportunistic—it’s a game-changer.
