AssuredPartners Inc is pleased to announce the acquisition of Red Insure Limited and Everest Risk Management Limited. 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.
AssuredPartners is the fastest-growing, independent insurance agency in the United States. Founded in 2011, AssuredPartners has acquired in excess of 300 agencies, with offices in 31 states and circa 6000 employees. It is now the 11th largest broker in the United States and this latest acquisition is a further sign of its commitment to growing the AssuredPartners’ footprint across the UK and in London.
David Heathfield, CEO AssuredPartners London, 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 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 of being part of an expanding team of individuals engaged in growing the AssuredPartners’ operation across the UK.