The latest M&A activity news for you;
AUB Group Limited (AUB) and PIHL Holdings Limited (Prestige Insurance) are pleased to announce that the parties have entered into an agreement for AUB to take a majority shareholding in the Prestige Insurance business, with completion subject to regulatory approval.
Prestige Insurance is the holding company for:
– Prestige Insurance Broking businesses, including AbbeyAutoline, Open and Direct, Bond Lovis & Find Insurance NI;
– Prestige Insurance MGA businesses, including Prestige Underwriting & Octane London Market; and
– Insurance technology platform, Covernet
This investment marks a major strategic step for AUB, materially accelerating its scale and expansion in the UK retail insurance market. By applying its proven broking, MGA and technology model, AUB will unlock greater capability, broaden market reach, and deliver enhanced value for Prestige Insurance’s partners and clients.
Prestige Insurance will become AUB’s flagship UK retail broking platform – consolidating Tysers’ Retail portfolios and driving AUB’s Retail MGA strategy – significantly accelerating Prestige Insurance’s market reach while reinforcing AUB’s broader UK footprint alongside existing investments in Movo and Momentum AR networks.
This partnership enables Prestige Insurance to retain its independence and distinctive culture, while unlocking access to AUB’s scale, insight and strategic capability. It expands choice for customers and brokers, accelerates growth opportunities, and reinforces Prestige Insurance’s position as a leading insurance Group in the UK and Ireland. Prestige Insurance will continue operating as a standalone organisation across Broking, Underwriting and InsurTech under the leadership of CEO Trevor Shaw.
The transaction is subject to regulatory approval and expected to complete before 30th June 2026.
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