AssuredPartners, a leading insurance broker in the United States, UK and Ireland has announced the acquisition of Leeds-based Romero Group, which includes Romero Insurance Brokers Limited, it’s subsidiary Sentient Group Limited and Club Insure Limited (Romero). The transaction is subject to customary regulatory approval.
Founded in 1997 by Justin Romero-Trigo, Romero has enjoyed exceptional growth and become one of the largest independent commercial insurance brokers in the UK, controlling over £100m of GWP and employing 205 staff across 5 regional offices.
Operating over a wide range of industry sectors, Romero has particular expertise in construction and manufacturing placements and is a market leader in the leisure and sports club sector via its Club Insure brand. All staff will stay in place post-acquisition under the leadership team of Group CEO, Justin Romero-Trigo, Group MD, Simon Mabb and Group COO, Victoria Romero-Trigo.
David Heathfield, CEO of AssuredPartners UK and Ireland, said:
“It’s not just the scale of Romero that sets it apart from its independent peers but the way in which the business has been structured to ensure clients receive an unrivalled level of service from placement to claims advocacy. Our largest acquisition to date, the addition of Romero to our growing group is a key milestone in our expansion plans and the combination of these two powerful brands will create better solutions for our clients and provide great opportunities for all staff.”