Henderson Insurance Group (HIG), the holding Company of Henderson Insurance Brokers Ltd and subsidiaries, announce the acquisition of 100% of the share capital of The John Reynolds Group and subsidiaries with effect from Wednesday 10th February 2016.
The John Reynolds Group has been established for over 100 years and is one of the UK’s leading Credit Insurance specialists, complemented by a general/personal insurance division.
With offices based in Manchester (Head office), London and Sheffield the locations complement Henderson’s existing Credit business (UK Credit Insurance Specialists Ltd) and the intention is for the two businesses to be merged no later than 1st May 2016 into one entity which will be run on a day to day basis by joint Managing Directors, Peter Hodgson and Paul Martin.
The two businesses of JRG and UKC combined will create the UK’s leading Independent Credit Insurance provider, placing premiums in excess of £50m per annum and will enable them jointly to have a more global footprint to meet the demands of both businesses’ clientele.
All staff at both companies will be retained and as with the Henderson philosophy, investment will be made throughout the businesses. HIG will now generate revenues in excess of £35m for the calendar year 2016.