Advising on the acquisition of Turner Insurance Group (TIG)

Mazars have advised the shareholders of Turner Insurance Group (“TIG”) on their disposal of 70% of the business to PSC Insurance Group (“PSC”).

Mazars are advisors to PSC Insurance Group expansion with acquisition of Turner Insurance Group

TIG is a part-family owned business based in Leicester, operating in the insurance broking and IFA sector for over 20 years.

Throughout the lengthy process, Simon and the Mazars team were professional and kept us focussed and on track. With your involvement we were able to establish a good relationship with our prospective purchasers prior to the final deal and without you we would never have found them. Involving Mazars at an early stage was essential in the presentation and management of the deal process.

Kevin Lewis Chairman, Turner Insurance Group

PSC is an Australian listed insurance broker with a market cap of AU$700m. The Turner acquisition represents PSC’s first foray into the UK regional retail insurance market, having focussed its prior UK investments on the London / wholesale insurance and reinsurance markets.

A presence in this market in the UK is a natural strategic progression for the group…. We believe there are strong growth opportunities when combined with the existing broker distribution channels of our Carroll Holman and Breeze Underwriting business in the UK and this adds to the group’s expanding suite of online platform enabled businesses.

PSC Insurance Group