Insurance and reinsurance broking specialist Aon plc is acquiring Henderson Insurance Broking Group, an independent UK-based insurance brokerage.
Henderson is one of the UK’s largest independent brokers, with a focus on general insurance, health and benefits and trade credit insurance.
Its clients include large corporates, mid-market and SME businesses and the insurance broker employs more than 400 people across 16 offices, mainly in the north of England.
Aon said the acquisition supports its ambitions to grow its UK retail insurance brokerage business, specifically targeting growth in the mid-market and specialist sectors.
Henderson Insurance Broking Group will join and become part of the firms Aon Risk Solutions UK (ARS UK) division.
Julie Page, CEO ARS UK, commented, “I’m delighted that the Henderson Insurance Broking Group team is joining Aon, bringing more talented and experienced colleagues to our business. Henderson Insurance Broking Group’s success and the esteem in which it is held, both by clients and the market, is a real indication of the passion it puts into finding the best solutions for its clients. Its underlying ethos of putting clients at the heart of its business aligns perfectly with Aon’s approach, and I’m looking forward to working with the leadership team at Henderson Insurance Broking Group to empower results for clients of both firms.”
Joe Henderson, CEO and founder of Henderson Insurance Broking Group, added, “Joining Aon provides a wealth of opportunities for both our colleagues and our clients. Our clients will benefit from new access to specialist and global expertise, and Aon’s commitment to continuing our excellent service levels. As for colleagues, I have no doubt that the talented people within our organisation will seize the opportunity to develop their careers within a firm of Aon’s stature.”
Aon anticipates that the acquisition will be completed in December. Financial terms of the acquisition were not disclosed.
