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Aon agrees to buy Griffiths & Armour

Aon Agrees to Buy Griffiths & Armour

Insurance Broker Aon plc has agreed to buy London-based insurance broker Griffiths & Armour

Aon plc has agreed to buy London-based insurance broker Griffiths & Armour, the companies announced Tuesday.

Terms of the transaction were not disclosed. The deal is expected to close in the first quarter of 2023, subject to regulatory approvals and other customary closing conditions.

Aon is one of the world's largest insurance brokers, while Griffiths & Armour is a leading provider of insurance and risk management services to the Lloyd's market.

The acquisition will strengthen Aon's position in the London market and enhance its ability to serve clients globally.

“Griffiths & Armour is a highly respected and successful business with a strong reputation for delivering innovative insurance solutions to its clients,” said Aon CEO Greg Case.

“We are excited to welcome the Griffiths & Armour team to Aon and look forward to working together to provide our clients with even more value and expertise.”

Griffiths & Armour CEO Andrew Griffiths said the deal is a “great opportunity” for the company and its clients.

“Aon is a world-class insurance broker with a global reach and a deep understanding of the insurance market,” Griffiths said.

“We are confident that our clients will benefit from the combined expertise and resources of Aon and Griffiths & Armour.”