Tasker Insurance Group boosts specialist broking capabilities with Hobbs acquisition
Tasker Insurance Group (TIG) has acquired specialist broker Hobbs Broking (Hobbs Associates) as part of strategy to further accelerate its growth plans.
Hobbs will form part of the specialist retail broking division within TIG's retail business Tasker Insurance Brokers (TIB). It is TIG's second acquisition of 2019 after Castle Insurance Consultants, a specialist tour operator & travel insurance broker.
Tasker said the acquisition extends its footprint into the Midlands and further strengthens their retail proposition.
The transaction has received FCA approval, and completed on May 31.
Robert Organ, CEO of Tasker, said: “We have known the team at Hobbs for some time and are delighted that they have decided to join us at Tasker Insurance. We have a clear vision to build our specialist broking capabilities, in the areas of technology, life sciences, PI, financial lines and medical malpractice in addition to extending our regional retail broking footprint. The Hobbs team joining us takes us a step closer to achieving this priority.”
Tony Hobbs, MD of Hobbs, commented: “It’s great for us as a team and for the business, that we are joining Taskers, a business that we can trust to allow us to continue to do what we do well - servicing our clients. We are excited to be able to work with the Tasker team who will bring additional capabilities into our business to help us achieve our growth aspirations.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
SCOR returns to London market for new $250m catastrophe bond
AM Best lowers Greenlight Re outlook to 'negative' over profit concerns
MGA Hive Aero enters third-party aviation war liability market with $47.5m capacity
Zurich expands in Australia with A$2.85bn life insurance deal
Universal renews 2019 reinsurance programme with extra $134m limit
