Chicago-based Aon Corp. today announced that it has completed the acquisition of Footman James from Alchemy Partners (Guernsey) Limited. The terms of the transaction are not disclosed.
Aon provides tailor made cover for specialist personal risks including prestige sports and classic cars, holiday homes, yachts, travel, art, antiques, estates, high value goods and other niche lines. The acquisition of Footman James will add significant complementary skills and resources to Aon’s existing personal lines and affinity business, the Aon release said.
The transaction will have no effect on existing policies in force and client service will continue uninterrupted. Aon said that Footman James will continue to trade under its own name for the foreseeable future.
Peter Harmer, CEO of Aon UK, said, “We are excited about the combination of Aon and Footman James in the personal lines and affinity market and welcome Footman James clients and staff to Aon.”
Paul Matthews, managing director of Footman James, said, “This transaction with Aon presents an exciting opportunity for Footman James. We have built a high quality, competitive and compelling proposition and with Aon’s support we will continue to develop and invest in our business for the benefit of our clients and people.”
Aon Corp. provides risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting.
Source: Aon Corp.
Topics Mergers & Acquisitions Aon
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