Acrisure grows UK presence with dual deals in southern England
Global insurance broker Acrisure has completed two new acquisitions that will further expand its presence in southern England managed by Sutton Winson, which was its largest UK acquisition to date.
Acrisure has acquired Financial and Credit Insurance Services (FinCred) and Global Broking Solutions (GBS) with the aim of enhancing Acrisure and Sutton Winson’s collective capabilities across the UK.
FinCred is a specialist credit insurance broker and surety bond expert based in Sevenoaks, Kent. Hannah Lyon-Wall, managing director of Fincred, spent more than six years at Markel International prior to taking over the family-owned business in 2016.
Acrisure purchased Global Broking Solutions (GBS) in a deal which saw the company acquire a client base spanning across parts of Kent and East Sussex.
The acquisitions are a part of Acrisure and Sutton Winson's strategy to establish its presence in London, East Sussex and now Kent.
Mark McIlquham, president, Acrisure UK retail, said: “We are excited to continue our expansion in southern England with these two acquisitions, led by the world-class Sutton Winson team. Hannah is a proven leader with a phenomenal track record and a huge future in the industry. We are genuinely delighted to welcome her and the rest of the team onboard.”
Gareth Roberts, managing director, Sutton Winson, said: “We are thrilled with the acquisitions of FinCred and GBS, and this is the beginning of something special we are building with Acrisure in the south. Acrisure will continue to support us in acquiring businesses with whom we can culturally align. We now control close to £70mn GWP and expect that figure to surpass £100 million within the next two years through a combination of organic and inorganic growth.”
Lyon-Wall said: “My family and I have known Sutton Winson for years, and when we decided the time was right to sell and become part of a larger organisation, there was only one business we even considered partnering with. We are incredibly specialist in our field and know that Acrisure’s global presence will have a massively beneficial impact on our future growth trajectory.”
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