Aon announced that it has agreed to acquire, subject to regulatory confirmation, Lorica Employee Benefits, one of the UK’s most experienced and well-respected consultancy groups. Lorica Employee Benefits is a specialist provider of consultancy, support and technology in corporate pensions, health, well-being and group risk.

Aon said the combination will “be able to deliver significant employee benefits experience to organizations across the UK. Lorica Employee Benefits has been operating in the UK since 1990, has over 150 employees and provides extensive consultancy services to over 1000 corporate clients.”

Jim Herbert, CEO of Aon Risk Solutions – UK, said: “This is a groundbreaking announcement for the UK benefits market, bringing together two of the key organizations in this space. We are delighted to welcome Lorica Employee Benefits into the Aon group. 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.”

David Battle, Lorica Employee Benefits CEO, commented: “We’ve been on a five year program 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.

Source: Aon