Aon acquires Henderson Insurance Broking Group in UK expansion

Aon said on Oct. 30 that it has acquired has acquired UK’s independent insurance broking firm Henderson Insurance Broking Group.

Henderson focuses on general insurance, health and benefits, and trade credit insurance. Its clients range from large corporate businesses, through to mid-market and SME businesses. It employs over 400 people across 16 offices, predominantly in the north of England, but with clients and business across the UK.

The acquisition supports Aon’s ambitions to grow its UK retail business, specifically by increasing its footprint in the mid-market and specialist sectors, according to the statement. Henderson Insurance Broking Group will be part of Aon Risk Solutions UK (ARS UK), which provides risk and insurance solutions.

“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,” said Julie Page, CEO ARS UK.

“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 to complete the acquisition in December. Financial terms were not disclosed.

Get the latest re/insurance news sent to your inbox every day -  Sign up to our free email newsletters

Other stories from Monday's newsletter

XL outlook deteriorates due to nat cat losses

Ironshore appoints specialty executives in US, London Market

New insurtech MGA Wrisk raises £0.5m through crowdfunding

Markel CATCo raises over $1.8bn

R&Q agrees with ProSight Specialty Insurance to manage Syndicate 1110

Global insurance M&A activity slow in 2017

R&Q unit partners with Atlas General

RFIB launches Singapore operation in Asian expansion

Don't miss our insurtech email newsletter - sign up today