A significant insurance merger has been revealed this morning with Bollington Group (Holdings) Limited confirming its move for Wilsons Insurance Brokers.
According to a release, Bollington secured investment funds from mid-market private equity firm Inflexion and moved quickly for Wilsons – the new structure will now be known as Bollington Wilson Group and will boast annual gross written premiums surpassing £120 million. Both businesses will continue to trade under their existing brands.
Both Bollington and Wilsons are seen as offering complementary product lines as they focus on niche products – Bollington includes corporate, fleet and risk management, while Wilsons offers personal insurances including car, home, van, taxi and property.
The deal with Inflexion will see the merged companies boosted by digitally enhanced operations meant to support acquisitions and boost customer service.
“We believe this creates more choice and more flexibility for all of our valued customers,” said Paul Moors, Bollington Wilson Group CEO. “With Inflexion’s track record in integration and acquisitive growth we are truly excited about the future of our new group and the prospect of further acquisitions. Their support will help Bollington Wilson Group expand across the UK and develop further product lines. We look forward to an ambitious partnership together.”
“There are many opportunities across commercial and personal insurance broking that can be enhanced by increased scale,” added John Wilson, Bollington Wilson Group chairman. “The merger of Bollington and Wilsons creates a compelling platform from which to realise those opportunities. Meeting Inflexion has been transformational for our businesses and we look forward to the next stage of growth.”
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