Menu

Reinsurance News

Life broker Reassured sells minority stake to fund growth plans

26th February 2020 - Author: Matt Sheehan

UK life insurance broker Reassured has agreed to sell a minority stake to investor Bridgepoint Development Capital (BDC) in order to fund the future development of the business.

handshakeThe company said the transaction would allow it to focus on growth plans such as investment in new technologies and the development of new products.

Reassured was founded in 2009 and employs over 600 staff across offices in Basingstoke, Manchester, Southampton and Portsmouth with further offices planned for expansion over the next 12 months.

During the transaction, the shareholders of Reassured were advised by Hines Associates over an 18-month period to help launch the sale process.

“We chose to work with Hines because of their expertise in financial services and their commitment to our business,” said Steve Marshall, Reassured’s founder and CEO.

“We were looking for a partner to help us to continue building and diversifying our growing business. It was good to have Hines on our side, as advisers, advocates and critical contributors to the project.”

“It was an exciting opportunity to work with Steve and the Reassured team. We helped Reassured to find the right partner for the realisation of Steve’s vision” added Richard Hines, founder of Hines Associates.

Print Friendly, PDF & Email

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous post:
WTW / Aon combination could require Willis Re sale: Analysts

Analysts at Wells Fargo Securities have suggested that a potential combination with Aon could require Willis Towers Watson (WTW) to...

Close