DUBLIN, Nov. 1, 2024
/PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional
services firm, today announced the signing of a definitive
agreement to acquire UK-based insurance broker Griffiths &
Armour. Upon completion of the transaction, Griffiths & Armour
will become wholly-owned by Aon UK Limited and is proposed to go to
market as "Griffiths & Armour, an Aon company".
The acquisition closely aligns with Aon's strategy to further
expand its presence in the UK and Ireland. The combination will provide a
greater breadth of solutions for clients across both Aon and
Griffiths & Armour with complementary strengths that create a
platform for further growth in the UK, Ireland and beyond. Together, Aon and
Griffiths & Armour share a strong cultural alignment through an
unwavering focus on clients and colleagues.
"As we continue to go further, faster to help our clients
navigate growing uncertainty and volatility, we are looking forward
to welcoming Griffiths & Armour to Aon," said Greg Case, CEO of Aon. "Our complementary
capabilities and cultures will create unmatched client and
colleague experiences across the UK and Ireland and contribute to our global 3x3 Plan
to accelerate our Aon United strategy."
Griffiths & Armour has established a market-leading presence
from their base in the north of England as well as a strong national and
international reputation. With around 200 employees, Griffiths
& Armour are known for their specialist expertise in
professional indemnity insurance and strength in general insurance
broking. As part of the acquisition, Aon is committed to Griffiths
& Armour's Liverpool office at
Princes Dock and its strong team in Liverpool, Manchester, Dublin and London.
Carl Evans, CEO of Professional
Risks for Griffiths & Armour, commented; "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. This proposition is founded on a
culture that has been created and refined over the last 90 years,
of which we are immensely proud."
Matt Donnelly, CEO of General
Insurance for Griffiths & Armour, added; "We have long-regarded
Aon for its professionalism and client service excellence. In them
we have found a partner who will not only help deliver continued
growth, but also preserve and embrace the culture that we and our
client community hold dear. We very much look forward to this next
chapter."
"Griffiths & Armour is a brilliant business and will bring
quality, expertise and an exceptional platform for growth to our
firm," said Jane Kielty, UK CEO at
Aon. "We're very excited to work with the leadership team to
deliver the fantastic results for clients and colleagues that we
passionately believe will be created by joining together."
Closing of the transaction is subject to customary conditions,
including regulatory approvals, and is expected to occur in the
first quarter of 2025. Aon and Griffiths & Armour will continue
to operate independently until the closing date.
About Aon
Aon plc (NYSE: AON) exists to shape
decisions for the better — to protect and enrich the lives of
people around the world. Through actionable analytic insight,
globally integrated Risk Capital and Human Capital expertise, and
locally relevant solutions, our colleagues provide clients in over
120 countries with the clarity and confidence to make better risk
and people decisions that protect and grow their businesses.
Follow Aon
on LinkedIn, X, Facebook and Instagram. Stay
up-to-date by visiting Aon's newsroom and sign up for
news alerts here.
About Griffiths & Armour
Griffiths & Armour
are a consulting insurance broker providing clarity and protection
for business leaders. We exist to make our clients' worlds less
complicated by minimising risk. We work across a range of sectors
by combining deep market insight, long-term relationships, and
end-to-end support to manage and minimise professional and business
risk, as well as offering private client support to protect
individuals' most important personal assets.
Media Contacts
Aon
mediainquiries@aon.com
Toll-free (U.S., Canada and
Puerto Rico): +1 833 751 8114
International: +1 312 381 3024
Griffiths &
Armour
marketing@griffithsandarmour.com
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