Academy owner buys Airsports Insurance Bureau
Beyond Doubt Holdings, which operates as Academy and Premierline, has purchased Hampshire-based Airsports Insurance Bureau.
This deal is its second deal of the year, and a step forward in Beyond Doubt’s “buy and build” growth strategy, as it aims to create “a nationally respected insurance brand”.
Airsports is an independent broker with 18 staff and deals with around 15,000 niche and high-net-worth clients.
It will continue to trade under its current name.
The group was backed by private equity house Blixt in 2023. The move saw ex-Swinton pair Gilles Normand and Richard Beaven join the business as CEO and COO
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Allianz Commercial appoints regional head of multinational as Hegel promoted
Allie Chadwick has been named regional head of multinational in the UK at Allianz Commercial, effective immediately.
Review of the Year 2024: iprism’s Ian Lloyd
Ian Lloyd, CEO of iprism, reflects on integrating the MGA’s first acquisition, the over-use of the term AI and how he might shake the curse of ‘dad dancing’ by appearing on Strictly Come Dancing.
Sompo priortising regional hires and MGAs over expanding broker panel
Sompo International remains “open minded” to further regional expansion, but is happy to build on its existing locations in Birmingham and Manchester for now.
Ageas promotes Beckett to MD of broker and partnerships
Ageas UK has appointed chief distribution officer Adam Beckett to the newly created role of managing director of broker and partnerships.
Ecclesiastical partners with Clear on local councils scheme
Ecclesiastical has teamed up with Clear Councils, part of Clear Group, adding the broker’s local councils insurance to its schemes book in an arrangement that will come in to force at the start of 2025.
Partners& in triple swoop
Partners& has added another two brokers and a managing general agent to its stable, Insurance Age can reveal.
Industry reacts to discount rate change
Insurance industry specialists have welcomed the government moving the personal injury discount rate to 0.5% with PwC calculating it will lower motor premiums by £50 on average.
Personal injury discount rate shift will cut motor premiums, says PWC
The government will move the discount rate applicable to personal injury lump sum compensation payments to 0.5% as of 11 January 2025.