Aon has agreed to acquire Henderson Insurance Broking Group as it expands its UK retail presence.

The terms of the transaction were not disclosed.

Henderson is one of the UK’s largest independent brokers, focusing on general insurance, health and benefits and trade credit insurance and employing over 400 people across 16 offices, predominantly in the north of England, but with clients and business spanning the UK. Its clients range from large corporate businesses, through to mid-market and SME businesses.

Henderson Insurance Broking Group will join and become part of the firms Aon Risk Solutions UK (ARS UK) division, which is led by CEO Julie Page.

The acquisition supports Aon’s objectives to expand its UK retail insurance brokerage business, with a specific target on the mid-market and specialist sectors. It is the latest example of the firm’s commitment to allocate capital to high-value solutions that address emerging client needs, sharpen the firm's focus on delivering advice and solutions, and strengthen its global footprint.

Commenting on the acquisition, Page said: “I’m delighted that the Henderson Insurance Broking Group team is joining Aon, bringing more talented and experienced colleagues to our business. Henderson Insurance Broking Group’s success and the esteem in which it is held, both by clients and the market, is a real indication of the passion it puts into finding the best solutions for its clients. Its underlying ethos of putting clients at the heart of its business aligns perfectly with Aon’s approach, and I’m looking forward to working with the leadership team at Henderson Insurance Broking Group to empower results for clients of both firms.”

CEO and founder of Henderson Insurance Broking Group, Joe Henderson added: “Joining Aon provides a wealth of opportunities for both our colleagues and our clients. Our clients will benefit from new access to specialist and global expertise, and Aon’s commitment to continuing our excellent service levels. As for colleagues, I have no doubt that the talented people within our organisation will seize the opportunity to develop their careers within a firm of Aon’s stature.”

The deal is expected to close in December.