AssuredPartners International Announces Acquisition of Red Insure Ltd and Everest Risk Management Ltd
29/09/2020 Written by: AP Communications
The transaction is subject to customary approval by the Financial Conduct Authority and the deal terms have not been disclosed.
Co-founded by Neil and Janine Revill and based in Chester, United Kingdom, Red Insure provides insurance solutions for a wide spectrum of commercial clients with a particular specialism in the medical malpractice space. Everest is a specialist MGA, which is able to leverage its long-standing relationships with insurers to provide bespoke solutions to SME businesses across focussed lines of business in the Chester area and beyond.
David Heathfield, CEO AssuredPartners International, said: “We are always excited to add talented and entrepreneurial individuals to our team in the UK. Neil and Janine have been particularly successful in building a business that provides bespoke insurance solutions to niche areas of business and their commitment to providing best-in-class solutions is the perfect example of the type of business and leadership team that we look to partner with.
Neil and Janine said: “We were not particularly looking to sell Red Inusre and Everest, but after meeting with AssuredPartners we realised very quickly that we shared a very similar view on how we like to operate our respective businesses. The partnership we have entered into provides us with the unique opportunity to continue servicing our clients in the same manner that has been the bedrock of our success over recent years but also gives us the opportunity to be part of an expanding team of individuals engaged in growing the AssuredPartners’ operation across the UK.
About AssuredPartners
AssuredPartners is one of the fastest-growing, independent insurance agencies in the United States, UK and Ireland. This latest addition to the group follows closely behind acquisitions in the South West, Kent, Leeds and across Ireland. Founded in 2011, AssuredPartners has acquired in excess of 450 agencies, with offices in four countries and 36 states across the US. With in excess of 9,00 employees it is one of the largest independently owned brokers in the world.
For more information about the services provided by AssuredPartners International, please visit https://www.assuredpartners.co.uk/
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