OAAGC set to join WTW

Willis Towers Watson has entered into exclusive negotiations with OAAGC, the top French aviation brokerage, to acquire its team and book of business.

The move would make Willis Towers Watson the leading aviation broker in France. Paris-based OAAGC (Office d’Assurances Aériennes G. de Cugnac) was founded in 1898 and its team of 16 is dedicated to aviation insurance solutions.

The acquisition would transfer OAAGC’s book of business and the full OAAGC team to Willis Towers Watson, which also operates in France as Gras Savoye. OAAGC’s existing client base would continue to be serviced by the same experts.

The deal is subject to consultation with workers’ councils. The terms of the transaction were not disclosed.