Property owners’ specialist broker Aquilla Insurance Brokers Ltd (Aquilla) has been acquired by Alan & Thomas Insurance Group (Alan & Thomas, A&T), the southern hub broker for Global Risk Partners (GRP).
London-based Aquilla was founded in 2009 by Julian Mungo, and writes insurance across the real estate spectrum.
Julian Boughton, CEO of A&T, which is headquartered in Poole said: “Aquilla is a superb business with a great track record of growth in the property space and a reputation for excellent customer service.”
Julian added: ”the business has firm foundations, a great portfolio of clients and we look forward to working with the management team to drive the next phase of growth for Aquilla.”
Commenting on the deal, Aquilla founder Julian Mungo said: “During the discussions with Julian and his team it quickly became apparent that A&T would be an exceptional home for this business.”
“A&T understands how Aquilla operates and why it has become so successful, and have made it clear of their ongoing commitment to nurture Aquilla as well as to support our growth plans.”
“There are plenty of fresh opportunities in the property owners’ market as the economy emerges from the pandemic, and we fully intend to capitalise on them under new ownership.”
Julian Mungo further added: “Clients can rest assured that it will be business as usual, the Aquilla brand will not change however Aquilla will now also have increased market exposure in a changing and challenging market place to support the core strengths that have underpinned the company’s success to this point”.
The deal has been approved by the regulator and the consideration is undisclosed.