Aon acquires insurance broker Griffiths & Armour, expands UK presence
DUBLIN, IRELAND — Global professional services firm Aon plc has announced an agreement to acquire Griffiths & Armour, a United Kingdom-based insurance broker.
While the terms of the acquisition remain confidential, it aligns with Aon’s strategy to strengthen its foothold in the UK and enhance the firm’s range of services in these regions.
Strategic market expansion of Aon
Aon, specializing in risk, retirement, and health solutions, will integrate Griffiths & Armour’s 200-strong workforce and specialist expertise in professional indemnity and general insurance broking.
The acquisition will maintain Griffiths & Armour’s presence across Liverpool, Manchester, Dublin, and London, operating under the name “Griffiths & Armour, an Aon company”.
“Becoming part of the Aon family is the result of a meticulous search for a trusted partner with whom we can work, to ensure the future success of Griffiths & Armour and to enable us to enhance, grow and expand our unique client proposition,” said Carl Evans, CEO of Professional Risks for Griffiths & Armour.
Today we signed a definitive agreement to acquire @griffithsarmour, which will expand Aon’s presence in the UK and Ireland, strengthening the combined firms’ platform for growth and providing clients with leading content, capability and expertise.
https://t.co/cfPbbeUVfr pic.twitter.com/GDSzwIXvkn— Aon (@Aon_plc) November 1, 2024
Combined capabilities of Aon and Griffiths & Armour
Griffiths & Armour brings significant expertise as the exclusive UK general insurance broker within the Assurex Global Partnership, which encompasses over 100 partner firms, generates $3.5 billion in revenue, and operates across 630 offices worldwide.
This aligns with Aon’s existing global network, which serves clients in over 120 countries. The company reported a total revenue of $3.8 billion in Q2 2024.
“Our complementary capabilities and cultures will create unmatched client and colleague experiences across the UK and Ireland and contribute to our global 3×3 Plan to accelerate our Aon United strategy,” said Greg Case, CEO of Aon.
The transaction, subject to regulatory approvals, is set to conclude in the first quarter of 2025, and both companies will operate independently until then.
