IK Partners has acquired a minority stake in Seventeen Group, marking its first investment in the UK insurance market, with plans to further accelerate Seventeen's growth and innovation.

Target Company Overview

IK Partners ("IK") is excited to announce the acquisition of a minority stake in Seventeen Group ("Seventeen" or "the Group"), which is recognized as a leading independent insurance and risk management organization in the United Kingdom. This transaction marks IK’s inaugural investment in the UK insurance sector, building upon a robust history of supporting comparable enterprises throughout Europe. Details regarding the financial terms remain undisclosed, and the completion of this agreement is contingent upon customary regulatory approvals.

Established in 1982 and headquartered in London, Seventeen operates as a multi-disciplinary insurance group that offers an extensive range of services, including broking, underwriting, risk management, and claims management. The Group consists of several key components, including James Hallam, a national brokerage platform catering to commercial, personal, specialty, and high-net-worth clients on a domestic and global scale; Touchstone, a specialized independent managing general agency serving over 550 brokers; and London Re, a joint venture with MRH Trowe based in Düsseldorf, Germany. Seventeen manages approximately £400 million in premiums, operating from 25 offices across the UK, DACH, and the Isle of Man.

Industry Overview

The UK insurance industry has demonstrated remarkable resilience and adaptability in response to evolving market demands and regulatory landscapes. As one of thelargest insurance markets globally, it features a diverse range of products and services that