AUB Group confirms Majority Acquisition of Prestige Insurance Holdings

Prestige Insurance is a differentiated insurance group in the UK and Ireland markets, integrating a substantial broking portfolio, multiple specialist MGAs and a market‑leading insurance technology platform. Established in 1973 and now employing ~650 people, Prestige Insurance combines a resilient and diverse client base with proven underwriting expertise and advanced digital capability.

This integrated model positions the Group for significant scalability and long‑term growth, while continuing to support and strengthen the independent brokerage sector across the UK and Ireland. Portfolio businesses within Prestige Insurance include:

• Prestige Insurance’s broking business encompassing a premium portfolio of market leading brands including AbbeyAutoline, Find Insurance NI, Open and Direct and Bond Lovis, writing > £170 million GWP, offering commercial-focussed and specialised products across 18 branches – genuine local presence with strong client relationships, underpinned with an efficient operating platform of ~approximately 350 sales staff servicing the UK  and Irish markets.
• The Group’s award-winning specialist MGAs include Prestige Underwriting and Octane London Market writing £140 million GWP across UK and Ireland supported by key A-rated partners with enduring and trusted relationships.  The business has expertise in writing niche non-standard property and motor risks, alongside select commercial vehicle risks, supporting >550 broking partners in the UK market
• Covernet, a market-leading insurance technology business that supports a broad range of clients including major global insurers and MGAs in the UK and Ireland servicing >£ 330million GWP in premium via its platform

Prestige Insurance

Commenting on today’s announcement, Trevor Shaw, CEO of Prestige Insurance Holdings Ltd, stated: “This is a landmark moment for Prestige Insurance. With six decades in the industry, we have built a leading insurance group across Broking, Underwriting, and Insurtech, firmly rooted across the UK and Ireland. Partnering with AUB Group gives us an exceptional platform to accelerate our growth, invest further in our people and services, and expand our presence across our current markets, while retaining the independence and culture that have been central to our success. Our commitment to our customers, partners and stakeholders remains unchanged.”

Commenting on today’s announcement, Mike Emmett, AUB Group CEO and Managing Director, said: “Our acquisition of Prestige Insurance represents a major step forward in the execution of our UK strategy. Prestige Insurance brings a powerful combination of retail broking strength, specialist underwriting capability and leading insurance technology—exactly the platform required to scale meaningful growth and build on our existing capability in one of the world’s most significant insurance markets

By combining AUB’s proven broking and MGA operating model with Prestige Insurance’s established brands, leadership and distribution footprint, we are creating a strong, future‑focused retail platform for the UK. The planned integration of our Tysers Retail portfolios into Prestige Insurance will further reinforce this foundation, extend the breadth of solutions we can offer brokers and clients and deliver value to our shareholders.

Prestige comes with a high quality management team.  We greatly value the expertise Trevor and the senior leadership team bring, and we look forward to working closely with them across Broking, Underwriting and InsurTech as the Group continues to implement our strategy for growth. With this partnership, AUB is strongly positioned to support Prestige Insurance in delivering on its long‑term strategic ambitions across the UK and Ireland.”

Thank you to advisors on both sides – Prestige Insurance Holdings Ltd were advised by Continuum Advisory Partners, Carson McDowell and EY; AUB Group were advised by Deloitte and Pinsent Masons.