A-Plan makes first deal as part of Howden stable
The broker is to buy Ingenie from Watchstone Group as it moves forward with plan to develop its technological capability.
A-Plan Group has announced that terms have been agreed to acquire Ingenie from Watchstone Group, subject to contract.
The deal is A-Plan’s first since being bought by Howden in a £700m deal which created a business with £4bn GWP and gives Howden a strong foothold in the regional space.
The broker detailed that the acquisition forms part of A-Plan’s strategic ambition to grow and diversify its technology capability, with Ingenie providing consumer insurance through data analytics, behavioural
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