AUB Group Limited has agreed to acquire a majority stake in Prestige Insurance, positioning Prestige as its flagship UK retail brokerage platform to consolidate Tysers’ retail portfolio, drive AUB’s retail MGA strategy and accelerate its presence in the UK, building on existing investments in the Movo and Momentum AR networks.
Prestige Insurance is an insurance group operating in the UK and Ireland, combining a large retail broking portfolio, multiple specialist MGAs and a market-leading insurance technology platform.
Founded in 1973, Prestige Insurance has around 650 employees and operates as a holding company across a range of businesses, including brokerage brands AbbeyAutoline, Open and Direct, Bond Lovis and Find Insurance NI; MGA operates Prestige Underwriting and Octane London Market; and its insurance technology platform Covernet.
AUB said the investment marks a major strategic step that significantly accelerates its scale and expansion in the UK retail insurance market.
“By applying its proven brokerage, MGA and technology models, AUB will unlock greater capabilities, expand market reach and deliver enhanced value to Prestige Insurance’s partners and customers,” the company said.
AUB continued: “This partnership allows Prestige Insurance to maintain its independence and unique culture, while unlocking AUB’s scale, insight and strategic capabilities. It expands customer and broker choice, accelerates growth opportunities and strengthens Prestige Insurance’s position as the leading insurance group in the UK and Ireland. Prestige Insurance will continue to operate as an independent organization across broking, underwriting and insurtech under the leadership of CEO Trevor Shaw.”
Trevor Shaw, CEO of Prestige Insurance Holdings Ltd, commented: “This is a landmark moment for Prestige Insurance. With six decades of experience in the industry, we have built a leading insurance group across broking, underwriting and insurtech, firmly rooted in the UK and Ireland.
“Partnering with AUB Group provides us with an exceptional platform to accelerate our growth, further invest in our people and services, and expand our presence in current markets, while retaining the independence and culture that are critical to our success. Our commitment to our customers, partners and stakeholders remains unchanged.”
Mike Emmett, Group CEO and Managing Director of AUB, added: “Our acquisition of Prestige Insurance marks a significant step forward in executing our UK strategy. Prestige Insurance brings a powerful combination of retail brokerage strength, specialist underwriting capabilities and leading insurance technology, which is exactly the platform we need to deliver meaningful growth and build on existing capabilities in one of the world’s most important insurance markets.”
“By combining AUB’s proven brokerage and MGA operating models with Prestige Insurance’s well-established brand, leadership and distribution footprint, we are creating a strong, future-focused retail platform for the UK. The planned integration of our Tysers Retail portfolio into Prestige Insurance will further build on this foundation, expand the breadth of solutions we can offer brokers and clients, and create value for our shareholders.”
“Prestige has a highly qualified management team. We greatly value the expertise that Trevor and the senior leadership team bring and we look forward to working closely with them across the broking, underwriting and insurtech sectors as the group continues to deliver on our growth strategy. Through this partnership, AUB is well-positioned to support Prestige Insurance in achieving its long-term strategic objectives in the UK and Ireland.”
Prestige Insurance Holdings Ltd was advised by Continuum Advisory Partners, Carson McDowell and EY; AUB Group was advised by Deloitte and Pinsent Masons.
The transaction is subject to regulatory approval and is expected to close by June 30, 2026.