08:46 AM EST, 12/02/2024 (MT Newswires) -- Aon (AON) said Monday that it has renewed and expanded its London Market placement facility, the Aon Client Treaty.

The company said in 2025, the facility will offer 28.5% co-insurance of business placed through its Global Broking Centre in London, up from 22.5% in 2024. It also said all participating market partners have agreed to a three-year letter of intent.

"The renewal and record expansion of Aon Client Treaty, now in its tenth year, reflects the value it delivers for both clients and participating market partners," said Joe Peiser, Aon's chief executive of commercial risk.