Reinsurance News

Acrisure acquires Affinity Brokers

19th January 2023 - Author: Jack Willard

Fintech leader, Acrisure has acquired Affinity Brokers Limited.

acrisure-logoThe transaction is expected to close in the near term, pending FCA regulatory approvals.

Founded in 2010 by Scott Meechan and Yvonne McKnight, Affinity is a commercial insurance broker based in Glasgow, Scotland.

Over the years, the broker has grown and developed a well-established specialism in Jewellery and Jewellers Block, becoming one of the top three Jewellers Block brokers in the UK.

The company is divided into two offerings – firstly, a high-quality Commercial and Corporate broker and secondly, a technology-enabled affinity offering for point-of-sale and embedded insurance products across a variety of sectors.

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The broker will continue to operate under its brand and existing management team, led by both Scott Meechan and Yvonne McKnight.

“Acrisure is the perfect fit for Affinity. The partnership offers significant benefits that will enhance our proposition for our team, existing clients and new clients. It will also allow us to extend our technology-enabled offering to a global audience,” said Meechan.

“We are absolutely delighted to be joining Acrisure, a Company whose values and ambition so closely align with the Affinity ethos. We are excited about the future of our partnership, and the opportunities it presents for everyone involved,” added McKnight.

Meanwhile, in October 2022, Acrisure acquired the firms Sutton Winson and Sutton Specialist Risks (SSR).

Additionally, in September 2022, the firm also acquired CRK Commercial Insurance Services Limited, a specialist commercial schemes provider.

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