Aon buys Lorica Employee Benefits in bid to expand UK offering

Jonathan Stapleton
clock

Aon is set to buy Lorica Employee Benefits in a bid to expand its health and benefits solutions to UK clients.

Lorica Employee Benefits is a specialist provider of consultancy, support and technology in corporate pensions, health, wellbeing and group risk - and has over 1000 corporate clients and around 150 staff.

WSB is waiting for confirmation as to whether Lorica will be integrated into Aon Hewitt - Aon's benefits consulting and administration arm - or become part of its risk solutions arm.

Aon Risk Solutions UK chief executive officer Jim Herbert explained: "This is part of our ongoing strategy to develop and grow our offering in the UK and this new partnership will enable us to provide market-leading, bespoke health and benefits solutions to our clients and future clients."

Lorica Employee Benefits chief executive David Battle added: "Joining with Aon is a continuation of our ambition to grow both the range of services we offer and the number of customers we work with.

"By combining two of the most respected players in the market, we strengthen our offerings and enable the new joint team to bring more experience, intellectual property and unique products to national and international clients."

More on Employee Benefits

Quarter of businesses not benchmarking benefits: Towergate

Quarter of businesses not benchmarking benefits: Towergate

Towergate Employee Benefits research

Jaskeet Briah
clock 12 November 2024 • 1 min read
Circle Health launches health insurance service for businesses

Circle Health launches health insurance service for businesses

Getting people back to work

Jaskeet Briah
clock 06 November 2024 • 2 min read
Broadstone boosts employee benefits division

Broadstone boosts employee benefits division

Increasing demand for more flexible benefits

Jaskeet Briah
clock 04 October 2024 • 3 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read