Kingfisher Insurance, which recently acquired Reis Motorsport Insurance, has purchased the motorsport book of Lloyd’s broker Shepherd Compello.
In an emailed release, the new owner said the portfolio will be integrated into Reis Motorsport Insurance as part of plans to make the business the leading motorsport broking brand in the UK.
“The purchase of the Shepherd Compello motorsports portfolio contributes towards our strategy for Reis to become the leading specialist motorsport insurance provider after acquiring the brand earlier this year,” Kingfisher Insurance chief executive Jacquie Boast said.
“Reis offers a traditional broker service coupled with a depth of industry expertise that is unparalleled, and I echo Mary’s welcome to our new clients.”
Boast was referring to Reis Motorsport Insurance senior operations manager Mary Singleton who commented: “We would like to welcome our new clients and look forward to delivering the excellent service that Reis is known for.
“As a team that has genuine passion and enthusiasm for the sport, the purchase enables us to support more of the motorsport industry, by growing our market presence and increasing our client base – whether professional or enthusiast, competitor or teams.”
Financial terms of the transaction were not disclosed.
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