Aon to acquire Henderson Insurance Broking Group (HIBG)
HIBG is one of the UK’s largest independent brokers, focusing on general insurance, health and benefits, and trade credit insurance. HIBG 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 of HIBG supports Aon’s ambitions to grow its UK retail business, specifically by increasing its footprint in the mid-market and specialist sectors. Henderson will be part of Aon Risk Solutions UK (ARS UK), which provides risk and insurance solutions and services to clients across an expansive range of industries and specialisms, covering a variety of needs.
Julie Page, CEO ARS UK, said:
“I’m delighted that the Henderson team is joining Aon, bringing more talented and experienced colleagues to our business. Henderson’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. 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 to empower results for clients of both firms.”
Joe Henderson, CEO and founder of Henderson Insurance Broking Group, said:
“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.”
This acquisition is the latest example of Aon’s ongoing commitment to allocate capital to high-value solutions that address emerging client needs, sharpen the firm’s focus on delivering advice and solutions, and strengthen its global footprint.
Terms have been agreed, subject to approval by the Financial Conduct Authority (FCA), and Aon anticipates to complete the acquisition by December. Financial terms were not disclosed.