Aon Nears Deal to Buy Insurance Brokerage From KKR, WSJ Reports

(Bloomberg) -- Aon is nearing an agreement to buy insurance brokerage USI Insurance from private equity firm KKR & Co. for around $17 billion, the Wall Street Journal reported, citing people familiar with the matter.

The deal could be announced as soon as Monday, the report said. KKR acquired USI Insurance in 2017 alongside another firm for $4.3 billion.

USI helps businesses find and structure benefits plans, which aligns with Aon's specialty in helping businesses manage risk and benefits, the report said.