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Aon to acquire Lorica Employee Benefits

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Aon to Acquire Lorica Employee Benefits
Photo by Bloomberg

Aon P.L.C. has agreed to acquire Fleet, England-based Lorica Employee Benefits, the brokerage announced Monday.

Terms of the deal were not disclosed.

Lorica, which began operating in 1990, has more than 150 staff and provides consultancy services to more than 1,000 corporate clients, Aon said in a statement. It specializes in health, wellness, group risk, corporate pensions and online benefits.

Alistair Connell, London-based CEO of U.K. and international health and benefits for Aon, said Aon was eager to grow in all of those areas and was particularly excited about the combined companies' ability to offer Lorica's online benefits capabilities internationally.

Combining with Aon would enable Lorica to offer its services to international clients, among other things, said David Battle, CEO of Lorica, who will join the senior team at Aon.

The deal is subject to regulatory approval.

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