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US insurance giant completes acquisition of firm founded in Scunthorpe

9 Aralık 2017, 20:05

US giant Aon has completed the buy-out of Henderson Insurance Broking Group, as it seeks to grow its UK footprint.

Founded by Joe Henderson in Scunthorpe town centre 31 years ago, it is now a £30 million business with a central administration base in Kirmington and headquarters in Leeds, employing more than 400 people across 16 offices.

Following an agreement announced in October, the company will now become part of the New York Stock Exchange-listed company’s Aon Risk Solutions UK division, which provides services to clients across an expansive range of industries and specialisms.

Mr Henderson, chief executive, said: “We’re delighted to be joining Aon, which brings a wealth of opportunities for our colleagues and enhanced solutions and services for our clients.”

An undisclosed deal, Aon has described the buy-out as “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”.

Specifically, it said it was increasing its footprint in the mid-market and specialist sectors.

Aon has already confirmed that there are “no plans to make significant changes to the business,” formed when Mr Henderson realised there was a gap in the market while working in construction for Peter Birse at Barton-Upon-Humber.
In October, he said he had “no doubt that the talented people within our organisation will seize the opportunity to develop their careers within a firm of Aon’s stature”.
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