Aon completes Lorica merger

clock

Aon has completed its acquisition of Lorica Employee Benefits following an announcement in March that it would be purchasing the UK consultancy firm.

Lorica Employee Benefits, a specialist provider of consultancy, support and technology in corporate pensions, health, wellbeing and group risk was purchased by Aon in an effort to expand its health and benefits solutions to UK clients.

Aon - a multinational consultant - said at the time of the deal it expected the purchase to add 50% to its market share in the areas where Lorica was strongest.

Lorica has been operating in the UK since 1990 and the combined business will consist of over 400 employees across 11 UK sites.

Lorica Employee Benefits chief executive officer David Battle said: "We've been on a five year programme to ensure Lorica Employee Benefits is a leading provider of employee benefits. 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

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
Businesses "flying blind" on mental health support

Businesses "flying blind" on mental health support

Barnett Waddingham research shows

Jaskeet Briah
clock 23 September 2024 • 3 min read
Spectrum.Life signs AI partnership

Spectrum.Life signs AI partnership

Improving health outcomes

Jaskeet Briah
clock 19 September 2024 • 1 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