LATEST ACQUISITION
AssuredPartners UK&I Announces The Acquisition Of CIA Insurance
AssuredPartners, a leading insurance broker in the United States, UK and Ireland is pleased to announce the acquisition of Rugby-based CIA Insurance. The transaction rounds off a record-breaking year for AssuredPartners in the UK&I.
Founded in the mid-1990s, CIA Insurance is an independent intermediary renowned for its expertise in specific niches within the landlord insurance market. Controlling over £45 million of Gross Written Premium (GWP) and with a workforce of more than 90 employees, the company has built an outstanding reputation in the sector.
CIA Insurance extends its services to motorbike, commercial and household insurance clients across the UK and will be taken forward under the management of Richard Wayman, Jackie Compton and Misty-Lee Reeve.
David Heathfield, CEO of AssuredPartners UK and Ireland, said:
“We are extremely happy to welcome CIA Insurance to our rapidly expanding group of partner companies. Over the last several years, management and the wider team have demonstrated the ability to operate a highly successful company, and we look forward to working with all members of the team as they take the company to the next level with the support of our group resources.”
Exiting shareholders, Lee Callaby, Eliot Blundell and Martin Sheppard said:
“We are very proud of the business we have built over the years. We would like to thank our staff for their enormous contribution in making CIA the successful company that it is today and we feel confident that with the support of a large group like AssuredPartners the company will continue to grow and offer market leading solutions to our clients.”
Richard, Jackie and Misty stated:
“We are very excited about our new partnership with AssuredPartners and are looking forward to the future of CIA. It is a fantastic opportunity for all of us at CIA to continue the development of the business and maintaining the existing culture, whilst having the further benefits and support of the wider AssuredPartners group.”
AssuredPartners is one of the fastest-growing, independent insurance agencies in the United States, UK and Ireland. This latest addition to the group follows closely behind acquisitions in the South West, Kent, Leeds and across Ireland. Founded in 2011, AssuredPartners has acquired in excess of 450 agencies, with offices in four countries and 36 states across the US. With in excess of 9,00 employees it is one of the largest independently owned brokers in the world.
For more information about the services provided by AssuredPartners UK and Ireland, please visit https://www.assuredpartners.co.uk/
Connect:
David Heathfield | Chief Executive Officer
E: david.heathfield@apldn.com | T: +44 (0)20 7337 6800
Stuart Quilter | Chief Financial Officer
E:stuart.quilter@apldn.com | T:+44 (0) 20 3675 0062
Paul Casey | Acquisitions & Integration Manager
E: paul.casey@apldn.com | T: +44 (0)20 7337 6800
