LONDON, 8 August 2007 – Aon Limited, the UK’s largest insurance broker and risk consultant, today announced an agreement to acquire specialist vehicle insurance broker, Firebond. The terms of the transaction are not disclosed.
Firebond, established in 1993, is an insurance broking service specializing in classic cars. It enjoys a special relationship with classic car enthusiasts and is know for its exceptional service offering.
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.
Aon’s acquisition of Firebond, with operations in Cambridge and Bingley, further consolidates Aon’s position as the clear market leader in the classic car broking sector.
Peter Harmer, CEO of Aon UK, commented: “Firebond is a natural fit with both the Aon Classic Cars business and our Footman James business. Firebond will now be able to utilise the buying power and resources of a large broker to provide clients with the best value and service available. Our wider product provision, infrastructure and backing will provide Firebond with new opportunities for the future development of the business.”
Notes to editors:
About Firebond
Firebond was incorporated in 1993. It is a well-established small insurance broker based in Cambridge offering general retail insurances with a Classic car insurance facility. As well as Cambridge, Firebond has a sales and administration office in Bingley, West Yorkshire. Firebond’s primary class of insurance is Classic Cars, which represents 75% of revenue with the remaining 25% being other personal lines. Firebond is a company dedicated to creating distinctive value for the customers it serves, committed to customer focus, innovation and high performance.
About Aon
Aon Corporation is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. There are 43,000 employees working in Aon’s 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.
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Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only
Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.
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