UPDATE 1-Aon to buy insurance broker NFP in $13.4 billion deal

Management consulting firm Aon said on Wednesday it will buy NFP, a middle market property and casualty broker, in a deal valued at $13.4 billion. The deal is expected to close in mid-2024 and will be funded with $7 billion in cash and $6.4 billion in Aon stock. NFP is a property and casualty brokerage, which offers benefits consulting, wealth management and retirement plan consulting for middle-market clients with more than 7,700 employees.