The southern hub broker for Global Risk Partners (GRP), Alan & Thomas Insurance Group (A&T) has today announced its acquisition of the property owners’ specialist broker Aquilla Insurance Brokers Ltd (Aquilla). The deal has been approved by the regulator and the consideration is undisclosed.
London-based Aquilla, which was founded in 2009 by Julian Mungo, writes insurance across the real estate spectrum.
Commenting on the deal, Julian Boughton (pictured), CEO of Poole-headquartered A&T noted that Aquilla is a “superb business” with a strong track record of growth in the property space and a reputation for excellent customer service. He added that the business also has firm foundations, a great portfolio of clients and that the A&T team look forward to working with Aquilla’s management team to drive its next phase of growth.
Meanwhile, Aquilla founder, Mungo said: “During the discussions with Julian and his team it quickly became apparent that A&T would be an exceptional home for this business. A&T understands how Aquilla operates and why it has become so successful, and have made it clear of their ongoing commitment to nurture Aquilla as well as to support our growth plans.”
Mungo also highlighted that there are many new opportunities in the property owners’ market as the economy emerges from COVID-19 and the broking firm fully intends to capitalise on them under its new ownership.
“Clients can rest assured that it will be business as usual,” he said, “the Aquilla brand will not change however Aquilla will now also have increased market exposure in a changing and challenging marketplace to support the core strengths that have underpinned the company’s success to this point”.
