Florida-based insurance brokerage AssuredPartners has announced the acquisition of Hettle Andrews & Associates, a Birmingham-based brokerage firm.
Hettle Andrews is an integrated risk management and insurance broking firm, focused on the education, charity, and corporate sectors in the United Kingdom. Co-founded in 2004 by Jon Hettle and Jo Andrews, the business employs over 30 people and records gross written premiums of over £20 million per annum.
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“All of the directors of Hettle Andrews are delighted to have concluded the sale of the business to AssuredPartners,” said Jo Hettle, director and co-founder of Hettle Andrews & Associates. “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.”
“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,” said David Heathfield, chief executive officer of AssuredPartners London. “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.”
The transaction is subject to approval by the Financial Conduct Authority and the deal terms have not been disclosed.