Smyth flags M&A opportunity following UK General deal
UK General is planning to grow via M&A, new products and bring in fresh teams following investment by RCapital and Montague according to CEO Tim Smyth.
Insurance Age revealed that the deal had completed on 16 August and sees MGA UK General combined with the MGA support platform Precision Partnership.
Smyth said that no redundancies were planned as part of the deal and outlined that the merger means that the combined organisations can offer more to broker clients.
“The proposition is so much bigger,” he added.
The MGA, which highlighted the importance of finding new investment in its most recent results document, which flagged scenarios that
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