General Insurance Article - Aon complete acquisition of Portus Consulting

TLT has acted for the shareholders of Portus Consulting, the independent UK-based employee benefits firm, on its acquisition by global professional services firm Aon. The deal was first announced in July 2017 pending FCA approval and completed on Monday 2 October.

 Portus has a leading position in the UK professional services market, particularly the legal sector and among SMEs with 50 to 750 employees. The deal supports Aon's ambitions to grow its UK employee benefits business both organically and through acquisition. Portus 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.

 The team at TLT included partner Andrew Webber, associate James Webb and trainee solicitor Holly Evans in the firm's corporate team, along with employment and employee incentives specialists, legal director Alison Cameron and associate Lizzie Stone.

 Stuart Gray, founder of Portus Consulting, says: "This acquisition brings together two very strong businesses and the joint team will create vast expertise and offer innovative products to the market. I am really pleased that the business and our customers will continue to prosper and I am grateful to TLT for their speed, professionalism and expert advice throughout the process and in our dealings beforehand."

 Andrew Webber, partner at UK law firm TLT, says: "Having known Stuart, Dave and the team for some time, it was a pleasure to work with them on this transaction, which recognises the strength of the business they have built."

Back to Index

Similar News to this Story

LMA response to Blueprint Two cutover delay
Sheila Cameron, CEO of the LMA comments “The LMA welcomes the decision by Velonetic, and supported by Lloyd’s Council, to postpone the cutover date fo
Car insurance premiums increase by GBP132 year on year
Cost of car insurance increases by 18% year-on-year as the typical premium now stands at £850. Drivers aged 80+ see the steepest proportional rise in
IPT receipts already GBP228 million higher than last year
After a record £8.1 billion of Insurance Premium Tax (IPT) collections last year, receipts in May hit £1,431 million, reinforcing last month’s £615 mi

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.