Aon has acquired the assets of Minneapolis-based Stratford 360, a provider of customised executive and physician supplemental benefit and deferred compensation plan design, consulting and administrative services. Financial terms of the deal were not disclosed.
The Stratford 360 team, which caters exclusively to hospitals, clinics and other health care organisations, will join the executive benefits group within Health & Benefits. The acquisition increases the US executive benefits presence to more than 100 specialists.
John Zern, Americas health and benefits practice director at Aon, said: “Hospitals and health systems are competing for physician and executive talent like never before. The combination of Stratford’s extensive experience in the health care industry and Aon’s superb Executive Benefits technical, administrative and insurance resources offers clients unparalleled support to achieve greater results with regard to their physician and executive benefit programmes.”
Tom Fitzgerald, CEO of Aon risk solutions’s US retail operations, said: “We strive to bring clients the best, most thoughtful solutions that help them achieve their goals. Stratford 360 is the undisputed leader when it comes to physician and executive disability, life insurance and non-qualified retirement plans. Adding these capabilities to Aon’s unmatched expertise in benefits design and consulting adds another dimension to how we are able to empower results for clients.”
The current Stratford 360 leadership team will remain in their current positions. The consolidated team will be led by Todd Chambley, senior vice president and executive benefits practice leader at Aon.
