AUB Group Expands UK Platform with Majority Acquisition of Prestige Insurance Holdings (“Prestige Group”)

AUB Group has announced the acquisition of a majority shareholding in Prestige Group.

Prestige Group is a scaled insurance group operating diversified broking, multi-line MGA and insurance technology businesses in the UK and Ireland.

The investment marks a major strategic step for AUB Group, materially accelerating its scale and expansion in the UK and Ireland.

Prestige Group will become AUB Group’s flagship UK and Ireland retail broking platform, retaining its independence and distinctive culture. The combination of Prestige and Tysers UK retail will create a pan-UK platform with further bolt-on M&A planned.

The transaction also positions AUB to launch into the UK MGA segment, including the combination of selected AUB MGAs with Prestige's MGA.

Continuum acted as exclusive financial adviser to Prestige Group on its global search for a new partner. After a competitive process, AUB Group emerged as the preferred choice to support the next phase of Prestige Group’s growth.

The transaction highlights Continuum’s international execution capability, deep sector expertise and commitment to delivering market leading outcomes for our clients. 

Link to press release: Prestige Insurance Holdings announces majority investment by AUB Group to support growth

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