The entire team from the acquired firm will join the broker as part of the move

Insurance broker AssuredPartners has acquired event specialist InEvexco.

Established in 2011, Kent-based InEvexco provides insurance solutions to the event, exhibition and conference space – placing in the region of £10m gross written premium (GWP).

In a statement released yesterday (9 May 2023), AssuredPartners’ UK and Ireland chief executive David Heathfield said InEvexco’s ”level of expertise has allowed them to achieve rapid growth over recent years”.

The entire InEvexco team will remain in their current roles as part of the move, under the leadership of managing director Mark Clayton, divisional director Mark Blair and operations director Shelley Crocker.

Heathfield added: “We are very excited to partner with Mark Clayton and the rest of the team in the next stage of their journey and are looking forward to providing them with access to our vast network of distribution opportunities across the United States to help us both achieve our growth plans.”

’Well positioned’

AssuredPartners has bought in excess of 400 agencies and has offices in the UK and US. 

Clayton said that deciding to sell was ”never an easy decision”.

“But, we knew from the beginning that working with AssuredPartners gave us a great opportunity to achieve our long-term goals,” he added.

“InEvexco has enjoyed success because we made it our business to understand our clients and the industry inside out.

”With the team staying in place and the wider resources available at group level, I firmly believe that the company is well positioned to continue expanding in the years ahead.”