Global group Aon to acquire insurance broker Griffiths & Armour
Global professional services firm, Aon, has signed a deal to acquire Liverpool-based independent insurance broker, Griffiths & Armour, for an undisclosed sum.
London-based Aon said the acquisition closely aligns with its strategy to further expand its presence in the UK and Ireland.
Griffiths & Armous has offices in Liverpool, Manchester, London and Dublin.
Greg Case, Aon CEO, said: “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.
“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.”
Griffiths & Armour has established a market-leading presence from its base in the North of England as well as a strong national and international reputation.
With around 200 staff, Griffiths & Armour is known for its 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, said: “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, said: “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.”
Jane Kielty, UK CEO at Aon, said: “Griffiths & Armour is a brilliant business and will bring quality, expertise and an exceptional platform for growth to our firm.
“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.
