Aon plc announced on November 1, 2024, the signing of a definitive agreement to acquire UK-based insurance broker Griffiths & Armour. This acquisition aligns with Aon's strategy to further expand its presence in the UK and Ireland. Upon completion, Griffiths & Armour will operate as 'Griffiths & Armour, an Aon company'.
Griffiths & Armour, with approximately 200 employees, is known for its specialist expertise in professional indemnity insurance and strength in general insurance broking. Greg Case, CEO of Aon, stated that the complementary capabilities and cultures will create enhanced client and colleague experiences. The acquisition is expected to contribute to Aon's global '3x3 Plan' to accelerate its 'Aon United' strategy.
The transaction is subject to customary conditions, including regulatory approvals, and is expected to close in the first quarter of 2025. Carl Evans, CEO of Professional Risks for Griffiths & Armour, expressed that becoming part of Aon will enhance, grow, and expand their client proposition.
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