January 29, 2007 / 1:17 PM / 12 years ago

Aon buys UK's Footman James, grows in luxury coverage

NEW YORK, Jan 29 (Reuters) - Aon Corp. AOC.N, a large insurance broker and specialty insurance underwriter, said on Monday it acquired Footman James from Alchemy Partners (Guernsey) Ltd. for an undisclosed price to provide additional coverage for luxury goods.

Chicago-based Aon said the acquisition will add resources to its personal lines and affinity business. Aon said it provides coverage for such items as classic and sports cars, vacation homes, yachts, travel, art, antiques and other expensive goods.

Footman James will operate under its own name for the foreseeable future, Aon said. The firm was founded in 1983, and has a call center in Cradley Heath, West Midlands.

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