
Aon has made a significant move in the insurance industry by expanding its business with the Henderson Insurance Broking Group.
This strategic partnership will enable Aon to offer its clients a wider range of insurance solutions and expertise. The combined strength of both companies will provide enhanced services to their clients.
Aon's expansion with Henderson Insurance Broking Group is a testament to the growing demand for comprehensive insurance services. The partnership aims to deliver improved outcomes for clients.
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Aon Acquires Henderson Insurance Broking Group
Aon has acquired Henderson Insurance Broking Group for an undisclosed sum.
The acquisition boosts Aon's retail footprint by 17 offices across the North, further increasing its capacity in the mid-market and bespoke solutions segments.
Henderson Insurance Broking Group has over 17 offices across the UK, with more than 400 staff and revenues in excess of £37 million.
The acquisition aims to bolster Aon's retail presence in the mid-market and bespoke solutions segments by leveraging Henderson's strong brand presence and talent.
Joe Henderson, Henderson's CEO and founder, expressed confidence that clients will benefit from new access to specialist and global expertise, and Aon's commitment to continuing excellent service levels.
Is Now a £30M Business
Henderson Insurance Broking Group is now a £30 million business. This significant milestone was achieved after 31 years of operation.
The company was founded by Joe Henderson in Scunthorpe town centre, and it has since expanded to have a central administration base in Kirmington and headquarters in Leeds.
Henderson Insurance Broking Group employs over 400 people across 16 offices, showcasing its impressive growth and reach.
The company will now become part of Aon's Aon Risk Solutions UK division, a move that brings new opportunities for employees and enhanced services for clients.
This acquisition is part of Aon's strategy to increase its footprint in the mid-market and specialist sectors, as mentioned in the statement from Julie Page, chief executive of ARS UK.
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Fire Protection
Henderson Fire Protection has a long-standing relationship with the UK's leading Fire Protection Associations, dating back over a decade.
As official insurance providers, they've developed a unique Business Protection Package to cover all elements of business risk. This package is a result of their expertise and experience in the industry.
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The British Automatic Fire Sprinkler Association (BAFSA) and the Fire Industry Association (FIA) have chosen Henderson Fire Protection as their Broker of choice, a testament to their reputation and trustworthiness.
Their experience and relationship within the industry have allowed them to create a comprehensive package that addresses all aspects of business risk.
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Frequently Asked Questions
How much do insurance brokers make per policy?
Insurance brokers typically earn 2-8% of the premiums per policy, with the exact amount varying by state regulations. This commission-based income can add up quickly, making insurance broking a lucrative career.
What does broking mean in insurance?
In insurance, broking refers to the act of advising and negotiating insurance contracts on behalf of clients with insurers for a fee or commission. An insurance broker acts as a middleman, helping clients find the best insurance coverage for their needs.
Who is the biggest insurance broker?
Marsh McLennan is the world's largest insurance broker, offering a comprehensive suite of risk management and insurance services. Founded in 1871, the company has a reputation for innovation and thought leadership in the industry.
What are the disadvantages of using an insurance broker?
Using an insurance broker may limit your options and incur additional fees, which can be a disadvantage if your insurance needs are simple. This can make it less cost-effective than shopping for insurance on your own.
Sources
- https://www.consultancy.uk/news/15085/aon-acquires-henderson-insurance-broking-group
- https://www.insuranceage.co.uk/broker/3171251/aon-buys-henderson-insurance-broking-group
- https://www.scunthorpetelegraph.co.uk/news/scunthorpe-news/insurance-giant-completes-acquisition-firm-899994
- https://www.insurancebook.co.uk/business/henderson-insurance-brokers
- https://www.postonline.co.uk/organisations/henderson
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