UK-based Tasker Insurance Group has acquired commercial broking business Insure Risk for an undisclosed sum.
With the latest acquisition, Tasker Insurance Group aims to expand its existing regional footprint and broaden specialist capabilities.
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The latest deal follows the acquisition of Tasker Insurance Group by Jensten Group recently.
The acquired firm, which was founded in 2010, has a £2.5m gross written premium commercial broking business.
Tasker Insurance Group noted that the Insure Risk team will add depth to its broking business in the North West region by bringing mid-corporate capability and extending the Tasker PI capability.
As per the terms of the agreement, Insure Risk’s MD, Ged Murray, will supervise the transition of the business as a consultant.
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By GlobalDataInsure Risk executive director shareholder Paul Denny will take charge as the director – corporate North West at Tasker Insurance Group and join the Tasker Insurance Brokers Management Committee, reporting to the MD of Tasker Insurance Brokers, Robin Thomson.
Tasker Insurance Group CEO Robert Organ said: “Having known Ged and Paul for some time, I am delighted to welcome them and their team into the business. They are very much aligned to our thinking and approach to business, which will be part of the reason for our joint success in the future”.
Ged Murray added: “We have always felt that Tasker Insurance would be a great home for our business. Rob, Robin and the broader Tasker team have been easy to work with throughout the process and I know that Tasker is the right home for my team and our clients”.
Paul Denny said: “Robin and I have worked closely together over the past few months, I’m excited about Insure Risk being the platform for further investment and growth for the business in the North West and I can’t wait to get started and lead the team forward”.
The deal is subject to Financial Conduct Authority’s approval.
