Aon's acquisition of PORTUS Consulting approved by FCA

 The risk and insurance brokerage services provider AON said that the Financial Conduct Authority (FCA) has approved Aon's purchase of PORTUS Consulting - an independent UK-based employee benefits firm.

The deal was first announced in July 2017 pending FCA approval and completed this week.

"Portus has a leading position in the UK professional services market, particularly the legal sector and among SMEs with 50 to 750 employees. The acquisition of Portus supports Aon's ambitions to grow its UK employee benefits business both organically and through acquisition".

Portus will join Aon Employee Benefits, which provides consultancy, broking services and technology to 2,500 large and SME corporate clients, covering over 1 million lives in the UK.

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