Bermuda broker sold to Australia-based AUB Group

AUB Group has entered into a binding agreement to purchase Tysers, a London-based re/insurance broking group that has had an office in Bermuda since 2019.

“The acquisition represents an important next step in the AUB strategy to build out our client offering and risk expertise. We are delighted to welcome the Tysers’ Team to the AUB family,” Mike Emmett, chief executive officer of AUB Group, said.

Clive Buesnel, CEO of Tysers, added: “AUB is the perfect partner to allow Tysers to continue to be a great place to work, carry on with the firm’s proud history and support our future growth ambitions. The strategic and cultural alignment is clear, and we are excited about executing on future opportunities together.”

AUB Group comprises insurance brokers and underwriting agencies operating in more than 500 locations across Australia and New Zealand.