AssuredPartners snaps up broker Hettle Andrews for UK expansion
Florida-based property/casualty broker AssuredPartners has acquired Birmingham-based risk management and insurance broking firm Hettle Andrews & Associates.
Following the recent sale of AssuredPartners to private equity firm GTCR, the acquisition is a part of AssuredPartners' strategy to grow its footprint across the UK and to further develop its operations in London during GTCR’s ownership.
The transaction is subject to customary approval by the UK's Financial Conduct Authority (FCA).
David Heathfield, CEO AssuredPartners London, said: “We have been extremely impressed with the manner in which Jo and Jon run their operation and we are delighted that Hettle Andrews is now part of the rapidly growing AssuredPartners’ family. Jo and Jon are leaders in their field and their expertise and knowledge will be invaluable to us in helping to achieve our strategic goal of expanding our presence in the UK regional retail broker market."
Jon Hettle, director and co-founder of Hettle Andrews, said: “All of the directors of Hettle Andrews are delighted to have concluded the sale of the business to AssuredPartners. As part of a wider group, we have considerable opportunity to grow together and to provide the same great service to existing and new clients.
"This is a new phase in the development of Hettle Andrews and we are excited about the future working together. We found ourselves in the privileged position of having a great deal of interest from potential suitors but felt that AssuredPartners offered something different to the existing acquirers in the marketplace.”
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