Professional services firm Aon plc has announced a definitive agreement to acquire Griffiths & Armour, a distinguished UK-based insurance broker.
Following the completion of the transaction, Griffiths & Armour will become fully owned by Aon UK Limited and will operate under the name ‘Griffiths & Armour, an Aon company’.
The moves comes as Aon looks to shore up its presence in the UK and Ireland. The merger will improve the range of services available to clients of both Aon and Griffiths & Armour.
This acquisition underscores Aon’s commitment to strengthening its presence in the UK and Ireland. The merger is expected to create a robust platform for further growth within the region and internationally.
“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 3×3 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.”
The transaction, which is subject to customary regulatory approvals and conditions, is expected to be finalised in the first quarter of 2025. Until the deal is closed, both Aon and Griffiths & Armour will continue to operate as independent entities.