Aon Acquires UK-Based Insurer Griffiths & Armour
Deal News | Nov 01, 2024 | PR Newswire Cision Aon plc
Aon plc, a globally leading professional services firm, has announced the signing of a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. This strategic acquisition aligns with Aon’s strategy to expand its presence in the UK and Ireland, enhancing its capabilities in offering a broader range of solutions to clients. Griffiths & Armour, known for its expertise in professional indemnity and general insurance broking, will become a wholly-owned subsidiary of Aon UK Limited, operating under the name 'Griffiths & Armour, an Aon company.' This acquisition will bring together the complementary strengths of Aon and Griffiths & Armour, aiming to foster a platform for further growth in the UK, Ireland, and beyond. The strong cultural alignment between the two firms is also emphasized, ensuring a seamless integration that leverages their mutual focus on client and colleague satisfaction. The transaction, pending customary conditions including regulatory approvals, is expected to close in the first quarter of 2025. Aon’s commitment to Griffiths & Armour’s Liverpool office and its team across multiple locations underscores the significance of this acquisition as part of Aon’s broader strategic initiatives.
Sectors
- Insurance
- Professional Services
Geography
- United Kingdom – Griffiths & Armour is based in the UK, and Aon is acquiring this UK-based company to strengthen its presence in the UK market.
- Ireland – The strategic alignment with the acquisition also targets growth and service expansion in Ireland, as emphasized in Aon’s geographic strategy.
Industry
- Insurance – Both Aon and Griffiths & Armour operate within the insurance sector, providing a range of insurance broking and professional indemnity services.
- Professional Services – Aon is a global professional services firm that provides advice and solutions in Risk, Retirement, and Health, which includes insurance-related services.
Financials
- Unknown – The exact financial details of the acquisition have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Aon plc | Acquirer | Company | A global professional services firm providing a broad array of risk, retirement, and health solutions. |
| Griffiths & Armour | Target Company | Company | A UK-based insurance broker renowned for expertise in professional indemnity and general insurance. |
| Greg Case | CEO of Aon | Person | Chief Executive Officer of Aon. |
| Carl Evans | CEO of Professional Risks for Griffiths & Armour | Person | CEO of Professional Risks at Griffiths & Armour. |
| Matt Donnelly | CEO of General Insurance for Griffiths & Armour | Person | CEO of General Insurance at Griffiths & Armour. |
| Jane Kielty | UK CEO at Aon | Person | UK CEO at Aon. |