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

Firms facing unprecedented polycrisis of risk
67% of leaders surveyed say that the risk landscape is now ‘many times more complex’ than it was just three years ago at the height of the covid crisi
Cascading effect of natural disasters and key emerging risks
The 2024 edition of Swiss Re's SONAR report features 16 emerging risks and their potential impacts on the insurance sector and society. Key risks
Quoted home insurance prices surge over 41 percent in a year
And the 10.3% rise in the past three months is the highest for 10 years. Quoted prices rise the most in London at 49.9% and the least in the North Wes

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

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