Global Risk Partners’ southern hub Alan & Thomas Insurance Group (A&T) has today announced its acquisition of BIG Insurance Ltd, - which trades as Bournemouth Insurance Group (BIG) - its first deal of 2022. BIG, which was founded as a family business in 1972, writes commercial and personal lines insurance including private clients, fleet, commercial property, D&O, cyber and marine (through its specialist Nationwide Marine Insurance division).
The deal has received regulatory approval and the consideration is undisclosed. Under the terms of the transaction, staff of Bournemouth-based BIG will remain in their Winton office, and all the members of its team including vendors Jason Hicks and Paul Hicks will stay on under new ownership.
Commenting on the deal, A&T CEO Julian Boughton noted that it’s the first deal for A&T since its purchase of Aquilla Insurance Brokers in November last year. The hub has acquired 13 businesses since it was founded in 1975, and this latest swoop is its third since it joined up with GRP in 2017.
“BIG has a local community footprint (A&T are headquartered in Poole), and I have followed their progress closely over the years,” he said. “Jason, Paul and the rest of the team have a passion to get the very best deals for their customers. I am impressed by the team there and I’m really pleased they have chosen us to support them on their future journey.”
Hicks also commented on the deal and noted that A&T is one of the leading brokerages in the southern region and shares BIG’s commitment to high-quality client servicing. A&T and GRP group are the right custodians for BIG and its clients as they look to the future, he said, and becoming part of the business is the natural next step for BIG as it looks to accelerate its growth and seize new opportunities for high-quality broking as the economy emerges from the pandemic.