Aon, a UK-based risk management, insurance brokerage solutions provider, has signed an agreement to purchase Lorica Employee Benefits for undisclosed sum.
Lorica Employee Benefits offers consultancy, support and technology in corporate pensions, health, well-being and group risk.
Operating in the UK since 1990, Lorica Employee Benefits has over 150 employees and provides consultancy services to over 1000 corporate clients.
Through this deal, Aon and Lorica Employee Benefits will be able to offer employee benefits experience to organisations across the UK.
Aon Risk Solutions UK CEO, Jim Herbert, said: "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 CEO, David Battle, added: "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.