istock-177112013_qq7-5
iStock/QQ7
16 July 2019Insurance

AssuredPartners snaps up broker Hettle Andrews for UK expansion

Florida-based property/casualty broker AssuredPartners has acquired Birmingham-based risk management and insurance broking firm Hettle Andrews & Associates.

Following the recent sale of AssuredPartners to private equity firm GTCR, the acquisition is a part of AssuredPartners' strategy to grow its footprint across the UK and to further develop its operations in London during GTCR’s ownership.

The transaction is subject to customary approval by the UK's Financial Conduct Authority (FCA).

David Heathfield, CEO AssuredPartners London, said: “We have been extremely impressed with the manner in which Jo and Jon run their operation and we are delighted that Hettle Andrews is now part of the rapidly growing AssuredPartners’ family. Jo and Jon are leaders in their field and their expertise and knowledge will be invaluable to us in helping to achieve our strategic goal of expanding our presence in the UK regional retail broker market."

Jon Hettle, director and co-founder of Hettle Andrews, said: “All of the directors of Hettle Andrews are delighted to have concluded the sale of the business to AssuredPartners. As part of a wider group, we have considerable opportunity to grow together and to provide the same great service to existing and new clients.

"This is a new phase in the development of Hettle Andrews and we are excited about the future working together. We found ourselves in the privileged position of having a great deal of interest from potential suitors but felt that AssuredPartners offered something different to the existing acquirers in the marketplace.”

Get all the latest re/insurance industry news with our daily newsletter -  sign up here.

More of today's news

International Re launches first re/insurance solution for mid-sized captives
The company claims to offer a "market changing product" that has traditionally been available only for large captives.

Ogden discount rate ‘just a bump in the road’, says ratings agency
Insurers will have to strengthen reserves but the new discount rate is likely to add only a point or two to the sector's combined ratio in 2019.

Hudson Structured leads Series B funding round for QBE-backed insurtech
RiskGenius has expanded its partnerships with three global insurers - Everest, FM Global and Liberty Mutual.

Munich Re reveals leadership transition in Korea
The reinsurer has hired the chief financial officer of Chubb Life Korea Insurance.

Fidelis Group names senior claims manager
The executive will provide additional leadership to FCS and will be based in Louisiana.

Save £600 with the Intelligent InsurTECH Europe Super Early-Bird rate:  Book now

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
10 February 2021   The executive was most recently global treasurer and head of M&A for WTW.
Insurance
25 August 2020   The acquired firm has $2 million in annualised revenues, and specialises in malpractice insurance for lawyers.
Insurance
23 June 2020   The acquired insurance agency reports $8 million in annualised revenues.