Acrisure swoops for UK broker to drive organic and inorganic growth
Global insurance broker Acrisure has acquired one of the top three jewellers block brokers in the UK with a commercial operation to drive organic and inorganic growth using a technology-enabled digital affinity capability across a variety of sectors.
The deal to acquire Affinity Brokers is awaiting FCA regulatory approvals and expected to close in the near term. Affinity is the 11th partnership for Acrisure in the UK market.
Affinity is a commercial insurance broker based in Glasgow, Scotland. The business has grown and developed a specialism in jewellery and jewellers block, becoming one of the top three jewellers block brokers in the UK. The business is principally divided into two offerings: a commercial and corporate broker, and a technology-enabled affinity offering for point-of-sale and embedded insurance products across a variety of sectors.
Affinity will continue to operate under its brand and existing management team, led by Scott Meechan and Yvonne McKnight.
“Affinity provides Acrisure with a commercial broking operation in Scotland to drive organic and inorganic growth using a unique, technology-based digital affinity capability,” said Mark McIlquham, President of Acrisure UK Retail. “Scott and Yvonne have built a brilliant business and we’re thrilled to welcome them to the Acrisure team early in the New Year.”
Meechan said: “Acrisure is the perfect fit for Affinity. The partnership offers significant benefits that will enhance our proposition for our team, existing clients and new clients. It will also allow us to extend our technology-enabled offering to a global audience.”
McKnight added: “We are absolutely delighted to be joining Acrisure, a Company whose values and ambition so closely align with the Affinity ethos. We are excited about the future of our partnership, and the opportunities it presents for everyone involved.”
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