M&A Deal Summary

Plum Underwriting Acquires Synergy Insurance Services Holdings

On February 29, 2016, Plum Underwriting acquired insurance company Synergy Insurance Services Holdings from R&Q

Acquisition Highlights
  • This is Plum Underwriting’s 1st transaction in the Insurance sector.
  • This is Plum Underwriting’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2016-02-29
Target Synergy Insurance Services Holdings
Sector Insurance
Buyer(s) Plum Underwriting
Sellers(s) R&Q
Deal Type Divestiture

Target

Synergy Insurance Services Holdings

London, United Kingdom
Synergy Insurance Services Holdings Ltd. is a provider of personal insurance and commercial policies for jewelry and fine arts. Company provides a range of bespoke specialist personal HNW household and lifestyle products to UK brokers.

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Buyer(S) 1

Buyer

Plum Underwriting

London, United Kingdom

Category Company
Founded 2002
Sector Insurance
DESCRIPTION

Plum Underwriting Limited is a London-based underwriting agency providing specialist solutions for the UK and Republic of Ireland home insurance market through brokers.


DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

R&Q

Hamilton, Bermuda

Category Company
Founded 1991
Sector Insurance
Employees330
Revenue 81M GBP (2022)
DESCRIPTION

R&Q is a service provider and acquirer of solvent insurance companies in run-off. R&Q was founded in 1991 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 2
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 FNF Title Insurance Co.

St. Peter Port, Malta

FNF Title Insurance Co., Ltd. is a provider of assurance services and products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Rank Insurance

St Peter Port, Channel Islands

Rank Insurance Ltd. is a provider of services to both the live and legacy (re)insurance markets to support growing businesses and address complex and challenging run-off issues.

Buy -