Australian-headquartered insurance giant AUB Group Limited has acquired a majority stake in PIHL Holdings Limited (Prestige Insurance) subject to regulatory approval.
Prestige Insurance is the holding company for Northern Ireland insurance firms AbbeyAutoline, Open and Direct, Bond Lovis and Find Insurance NI.
Prestige Insurance will come AUB’s flagship UK retail broking platform, significantly accelerating Prestige’s market reach while reinforcing AUB’s broader UK footprint alongside its existing investments in the Move and Momentum AR networks.
Prestige Insurance will continue operating as a standalone organisation across broking, underwriting and InsurTech under the leadership of CEO Trevor Shaw.
The transaction is subject to regulatory approval and is expected to complete before 30th June 2026.