DetailsMergers2

AssuredPartners Acquires Red Insure Limited and specialist MGA, Everest Risk Management Limited

09/28/2020 Written by: AP Communications

LAKE MARY, FL – September 21, 2020 – AssuredPartners Inc is pleased to announce the acquisition of Red Insure Limited and Everest Risk Management Limited. The transaction is subject to customary approval by the Financial Conduct Authority and the deal terms have not been disclosed.
Co-founded by Neil and Janine Revill and based in Chester, United Kingdom, Red Insure provides insurance solutions for a wide spectrum of commercial clients with a specialty in the medical malpractice space. Everest is a specialist MGA, which can leverage its long-standing relationships with insurers to provide bespoke solutions to SME businesses across focussed lines of business in the Chester area and beyond.
AssuredPartners is the fastest-growing, independent insurance agency in the United States. Founded in 2011, AssuredPartners has acquired in excess of 300 agencies, with offices in 31 states and circa 6000 employees. It is now the 11th largest broker in the United States and this latest acquisition is a further sign of its commitment to growing the AssuredPartners’ footprint across the UK and in London.
David Heathfield, CEO AssuredPartners London, said: “we are always excited to add talented and entrepreneurial individuals to our team in the UK. Neil and Janine have been particularly successful in building a business that provides bespoke insurance solutions to niche areas of business and their commitment to providing best in class solutions is the perfect example of the type of business and leadership team that we look to partner with.
Neil and Janine said: “we were not particularly looking to sell but after meeting with AssuredPartners we realised very quickly that we shared a very similar view on how we like to operate our respective businesses. The partnership we have entered into provides us with the unique opportunity to continue servicing our clients in the same manner that has been the bedrock of our success over recent years, but also gives us the opportunity of being part of an expanding team of individuals engaged in growing the AssuredPartners’ operation across the UK.  
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners, Inc. acquires and invests in insurance brokerage businesses (property and casualty, employee benefits, surety and MGU’s) across the United States and in England. From its founding in March of 2011, AssuredPartners has grown to over $1.6 billion in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States with over 190 offices in 34 states and England. For more information, please contact Jamie Reinert, Director of Marketing and Communications, at 513-624-1779 or jamie.reinert@assuredpartners.com, or visit www.assuredpartners.com.

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