Case Studies

Northcourt is the only independent MGA specialising exclusively in the provision of specialist Nuclear Property and Nuclear Liability insurance to nuclear power station operators; decommissioning plants; nuclear fuel manufacturers; enrichment processors; and other contractors & suppliers to the nuclear industry. For many years the company had been led by its highly experienced management team, but it was wholly-owned by the estate of its founder. Optio Group, a PE backed MGA focused on emerging and specialty lines, was the successful acquirer.

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Morrison Edwards is a leading independent broker specialising in property portfolio insurance. Its Pi-Property scheme, operated as a quasi MGA, and tailored to the needs of property owners and property managing agents insures some £7.2 billion of commercial property, blocks of flats and residential property. Resolution Partners advised the shareholders on the 2019 sale to Clear Group, having previously advised on the MBO from the founder in 2010.

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3HR Benefits Consultancy is the market leader in the provision of International Private Medical Insurance (“IPMI”) and other employee benefit services to more than 200 Japanese, Korean and Chinese multinational companies in respect of their expatriate employees located mainly in the UK and Europe. It has an outstanding portfolio of blue-chip clients including some of the largest and highest profile keiretsu and chaebol groups such as Samsung, Canon and Mitsubishi. The business was owned by a group which included a law firm providing legal services to the same client base. Resolution Partners advised 3HR Plc on the sale of the business to the PE backed Broadstone Group.

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Noble Marine is the UK’s leading provider of insurance for sailing dinghies and other pleasurecraft. Acquired by RSA in 2011 from its founders in a sale managed by Resolution Partners, RSA concluded that the business had become non-core and wished to find an exit.

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Premium Medical Protection is the UK’s leading independent provider of medical indemnity insurance. In its most recent financial year end prior to the sale, it wrote approximately £17m GWP on behalf of more than 1,700 surgeons, doctors and other medical practitioners. It has a distinctive business model, and is the only UK company to offer clients the choice of occurrence and claims made policies, all of which are underwritten by MedPro, the specialist healthcare malpractice insurance division of Berkshire Hathaway.

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Tennyson is a niche MGA writing specialist SME commercial policies for charities, community groups and social organisations underwritten exclusively by Zurich. It also manages Zurich’s Town and Parish Council clients. Although independently owned, the close relationship with Zurich effectively precluded the owners from selling the business outside Zurich. Resolution Partners advised the management on the sale, helping them to achieve an attractive valuation on terms which enabled them to capture some of the future growth in value of the business.

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Howard Global is the leading independent Lloyd’s bloodstock insurance broker and underwriting group and also provides broking services in other niche areas including Personal Accident. Galileo is the group’s majority owned in-house bloodstock MGA underwriting on behalf of Swiss Re and Scor. Integro, a US based insurance broker and risk management firm, acquired Howard Global together with the minority interest in Galileo.

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Kingsbridge is a UK-based commercial broker specialising in the waste & water industries and it also distributes PI package covers online to freelancers under the KPSol brand. In addition it provides other risk management services including captive and protected cell formation and management services.

The transaction raised replacement and growth capital from ISIS Equity Partners (renamed Living Bridge) in return for a minority stake.

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CFC was formed in 2000 by David Walsh, with backing from Hyperion Insurance Group, as an underwriting business focusing on insurance for technology companies and e-risk.

It has grown into one of the leading MGAs in London with clients in over 50 countries around the world.

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Noble Marine is a leading, high margin specialist intermediary / MGA operating in a very profitable niche segment of the marine sector.

The transaction involved the sale of the business to Royal & Sun Alliance Insurance plc.


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Lycetts is a leading independent commercial insurance broker specialising in farms & estates, HNW property and bloodstock insurance and financial services.

Ecclesiastical Insurance Group emerged as Lycetts preferred partner after a review of Lycetts strategic options

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Fyfe Group was a high margin specialist broker operating in a niche segment of the motor trade business

The principal shareholder, Mike Slack, was a non-executive director of the FSA

The transaction involved the sale of the business to Royal & Sun Alliance Insurance plc

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Resolution Partners advised the shareholders of Drakefield in connection with its sale to AA Insurance Services.

Drakefield is a leading independent provider of branded online travel insurance under the Go Travel Insurance and 1 Stop Travel Insurance brands backed by a call centre in Basildon. In addition it arranges and administers travel insurance policies for Admiral, Elephant.co.uk, Diamond and Bell.

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Resolution Partners advised the shareholders of Lumley Holdings in connection with its £12m sale to Erinaceous Group Plc.

Lumley Holdings’ principal subsidiary, Lumley Letsure is a leading independent insurance intermediary with GWP of £16m. It specialises in the distribution of commercial and residential landlords’ buildings and contents insurance; tenants’ contents and rent guarantee insurance; and tenant referencing services through a ...

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Prepared PI Direct for bank and private equity discussions

Advised on the selection of the preferred private equity partner

Secured attractive valuations for both PID and Saturn

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Advised the management teams / minority shareholders on the selection of the preferred partner

Structured the transaction to provide initial consideration and deferred put & call options – total maximum consideration $143m

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