The deal involves an £8.4 million investment in the management buyout of Assured Underwriting Group, aimed at facilitating its expansion in the financial protection insurance market for the travel industry.
Information on the Target
Assured Underwriting Group (AUG) is a well-established provider specializing in financial protection insurance, particularly surety bonds, for the travel industry. With 35 years of experience, AUG operates as a Managing General Agent (MGA) and holds underwriting authority granted by its primary insurer, Hiscox.
The company has developed a strong reputation for its expertise in the surety bond sector, allowing it to cater effectively to the unique insurance needs of travel businesses. AUG's skilled underwriting team and deep industry knowledge position it favorably for growth and expansion.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in the Target's Specific Country
The financial protection insurance industry in the UK, particularly for travel, has shown resilience and adaptability in response to changing market demands.
Similar Deals
The Penny Group → Harridge Financial Services
2025
MPA Financial Management → Suckling Waddington and Partners
2024
Jura Acquisition Limited → John Laing Infrastructure Fund Limited
2023
Rcapital → Independent Group
2023
Wren Sterling Group → HB&O Financial Services
2023
Not Specified
invested in
Assured Underwriting Group (AUG)
in 2023
in a Management Buyout / Buy-In (MBO) deal
Disclosed details
Transaction Size: $11M
Equity Value: $11M