General Insurance Article - Aon acquires Portus Consulting

Aon has acquired Portus Consulting. Portus has a leading position in the UK professional services market, particularly the legal sector and among SMEs with 50 to 750 employees.

 The acquisition of Portus supports Aon’s ambitions to grow its UK employee benefits business both organically and through acquisition. It will join Aon Employee Benefits, which provides consultancy, broking services and technology to 2,500 large and SME corporate clients, covering over 1 million lives in the UK.

 David Battle, CEO of Aon Employee Benefits, UK, said: “There is rising recognition from organisations of the importance of investing in employee benefits. Employers are increasingly encouraging staff wellbeing and retirement savings, which is putting the UK employee benefits market in a period of steady growth. Portus is a great strategic and cultural fit for our business, helping us to consolidate and strengthen our position in the market. Portus has an excellent team, a wealth of knowledge and experience, along with some great technology solutions which complement our own products and services.”

 Stuart Gray, Founder of Portus, said: “This acquisition is bringing together two very strong businesses and the joint team will create vast expertise and offer innovative products to the market.”

 Dave Middleton, CEO of Portus, added: “Both the Aon and Portus leadership teams recognise the strong cultural fit between our two companies, which will ensure a smooth transition for colleagues and clients alike.”

 Terms have been agreed, subject to approval by the Financial Conduct Authority (FCA), and Aon anticipates to complete the acquisition by 31st August 2017.

Back to Index

Similar News to this Story

Survey shows Lloyds Managing Agents facing tough challenges
Mazars has published its annual Lloyd’s Coverholder Management Survey. It found that 55% of Lloyd’s Managing Agents are struggling with resources in t
Impact of Artificial Intelligence on the reinsurance sector
For the past few years, Artificial Intelligence (AI) has been rolled out with spectacular speed in an increasing number of areas, such as medicine, th
Technology transforming the travel insurance industry
The move by the Co-op to marry technology with unlimited medical expenses - with its first foray into the travel insurance market - has been hailed as

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.