AUB Group Limited has agreed to acquire a majority stake in Prestige Insurance, positioning Prestige as its flagship UK retail broking platform to consolidate Tysers’ Retail portfolios, drive AUB’s Retail MGA strategy, and accelerate its UK footprint alongside existing investments in Movo and Momentum AR networks.
Prestige Insurance is an insurance group operating across the UK and Ireland, combining a substantial retail broking portfolio, multiple specialist MGAs and a market-leading insurance technology platform.
Founded in 1973, Prestige Insurance employs around 650 people and operates as a holding company for a range of businesses, including broking brands AbbeyAutoline, Open and Direct, Bond Lovis and Find Insurance NI; MGA operations Prestige Underwriting and Octane London Market; and its insurance technology platform, Covernet.
According to AUB, this investment marks a major strategic step, materially accelerating its scale and expansion in the UK retail insurance market.
“By applying its proven broking, MGA and technology model, AUB will unlock greater capability, broaden market reach, and deliver enhanced value for Prestige Insurance’s partners and clients,” the firm said.
AUB continued, “This partnership enables Prestige Insurance to retain its independence and distinctive culture, while unlocking access to AUB’s scale, insight and strategic capability. It expands choice for customers and brokers, accelerates growth opportunities, and reinforces Prestige Insurance’s position as a leading insurance Group in the UK and Ireland. Prestige Insurance will continue operating as a standalone organisation 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 in the industry, we have built a leading insurance group across Broking, Underwriting, and Insurtech, firmly rooted across the UK and Ireland.
“Partnering with AUB Group gives us an exceptional platform to accelerate our growth, invest further in our people and services, and expand our presence across our current markets, while retaining the independence and culture that have been central to our success. Our commitment to our customers, partners and stakeholders remains unchanged.”
Mike Emmett, AUB Group CEO and Managing Director, added, “Our acquisition of Prestige Insurance represents a major step forward in the execution of our UK strategy. Prestige Insurance brings a powerful combination of retail broking strength, specialist underwriting capability and leading insurance technology—exactly the platform required to scale meaningful growth and build on our existing capability in one of the world’s most significant insurance markets.
“By combining AUB’s proven broking and MGA operating model with Prestige Insurance’s established brands, leadership and distribution footprint, we are creating a strong, future‑focused retail platform for the UK. The planned integration of our Tysers Retail portfolios into Prestige Insurance will further reinforce this foundation, extend the breadth of solutions we can offer brokers and clients and deliver value to our shareholders.
“Prestige comes with a high quality management team. We greatly value the expertise Trevor and the senior leadership team bring, and we look forward to working closely with them across Broking, Underwriting and InsurTech as the Group continues to implement our strategy for growth. With this partnership, AUB is strongly positioned to support Prestige Insurance in delivering on its long‑term strategic ambitions across the UK and Ireland.”
Prestige Insurance Holdings Ltd were advised by Continuum Advisory Partners, Carson McDowell and EY; AUB Group were advised by Deloitte and Pinsent Masons.
The transaction is subject to regulatory approval and expected to complete before 30th June 2026.
