Aon Limited, an insurance broker and risk consultant, has entered into an agreement to acquire specialist insurance broker, Supercover Holdings. The terms of the transaction are not disclosed.

Aon said that its acquisition of Supercover will add significant complementary skills and resources to its existing affinity business within its personal and group programs (PGP) division.

Peter Harmer, CEO of Aon UK, said: Supercover is a natural fit with the Aon hospitality business, both of which are leaders in this market. Aon ownership will ensure that Supercover continues to provide clients with the best value and service available. PGP’s wider product provision, infrastructure, marketing capability and backing will support Supercover with a platform and opportunities for the future development of the business within this sector.