USI Corp

USI Corporation, together with its subsidiaries, designs, develops, manufactures, and sells polyethylene plastic pellets across Asia, the Americas, Europe, Africa, Oceania, and other international markets. Its product range includes ethylene vinyl acetate copolymers, medium and low-density polyethylene, high-density polyethylene resin, cyclic block copolymers, industrial and architectural paints and coatings, optical products, and fireproof materials. The company also engages in investment, import/export and trade, distribution of chemical raw materials, solar power generation, venture capital, and warehousing of petrochemical raw materials. In addition, it provides business management services, environmental testing, and property management, and produces and sells a variety of petrochemical and plastic products. Its products are sold under brands such as EVATHENE, PAXOTHENE, UNITHENE, LINATHENE, ViviOn, and FREVA. Formerly known as USI Far East Corporation, USI Corporation was incorporated in 1965 and is based in Kaohsiung, Taiwan.

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Aon to Acquire USI for $17 Billion in Middle-Market Push

Aon has agreed to acquire U.S. middle-market insurance broker USI in an all-cash deal valued at approximately $17 billion, or $16.7 billion net of certain tax attributes, with the transaction expected to close in the fourth quarter of 2026. The acquisition aims to create a premier U.S. middle-market platform by combining Aon, USI, and NFP, expanding capabilities in property and casualty, employee benefits, personal risk, and retirement solutions. USI Chairman and CEO Mike Sicard is set to become Aon's president and global CEO of Middle Market, leading the combined platform. The middle-market segment represents about one-third of the U.S. commercial property-and-casualty market, with an addressable market of more than $40 billion, and the combined platform is expected to generate $6.5 billion in revenue. Aon plans to finance the deal with newly issued debt, expects $395 million in synergies, and anticipates the acquisition to be accretive to earnings per share by 2028.

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