Nearly a month after being acquired itself, the Tasker Insurance Group (TIG) is making its own swoop.
Without disclosing financial terms of the transaction, TIG said it acquired Altrincham-based commercial broking business Insure Risk Limited. The £2.5 million gross written premium company will become part of TIG’s specialist retail broker Tasker Insurance Brokers (TIB).
Insure Risk executive director shareholder Paul Denny, when the sale is completed, will join the TIB management committee in his capacity as corporate North West director. Meanwhile, Insure Risk managing director Ged Murray will serve as a consultant supporting the firm’s transition.
“We have always felt that Tasker Insurance would be a great home for our business,” revealed Murray, who co-founded Insure Risk with Denny in 2011. “[TIG CEO] Rob [Organ], [TIB MD] Robin [Thomson], and the broader Tasker team have been easy to work with throughout the process, and I know that Tasker is the right home for my team and our clients.”
Denny, meanwhile, is excited about Insure Risk being the platform for further investment and growth for TIB in the North West. “I can’t wait to get started and lead the team forward,” he said.
Subject to Financial Conduct Authority approval, the acquisition is TIG’s second in the past 12 months.
For TIB managing director Robin Thomson, “it’s great to see” the group’s continued growth and development. He added that acquisitions remain “very firmly” part of their strategy moving forward.
Commenting on the expansion, TIG chief executive Robert Organ (pictured) stated: “Having known Ged and Paul for some time, I am delighted to welcome them and their team into the business. They are very much aligned to our thinking and approach to business, which will be part of the reason for our joint success in the future.”