Tasker buys Insure Risk

Tasker Insurance Group has purchased Altricham-based Insure Risk, subject to regulatory approval, Insurance Age can reveal.

The deal, for an undisclosed sum, is Tasker’s first since it was itself bought by the Jensten Group in June. A move which added £50m in GWP to the new parent.

The move is Tasker’s fifth deal over the past two and a half years, and Tasker stated that it would support it in expanding its regional footprint and specialist capabilities.

Expertise
Located in Altrincham, Cheshire and established in 2010, Insure Risk is a £2.5m GWP commercial broking business. The Insure Risk team will join Tasker Insurance Brokers in the North West, bringing mid corporate capability and extending the Tasker PI capability within the region.

On completion of the deal, Insure Risk’s MD, Ged Murray, will work as a consultant to support the smooth transition of the business, whilst fellow Insure Risk executive director shareholder, Paul Denny, will take up the role as director – corporate North West for Tasker.

Denny will also join the Tasker Insurance Brokers Management Committee, reporting to the MD of Tasker Insurance Brokers, Robin Thomson.

Approach
Robert Organ, CEO of Tasker Insurance Group, commented: “Having known Ged and Paul for some time, I am delighted to welcome them and their team into the business. They are very much aligned to our thinking and approach to business, which will be part of the reason for our joint success in the future.”

Murray said: “We have always felt that Tasker Insurance would be a great home for our business. Rob, Robin and the broader Tasker team have been easy to work with throughout the process and I know that Tasker is the right home for my team and our clients.”

Growth
Denny added: “Robin and I have worked closely together over the past few months, I’m excited about Insure Risk being the platform for further investment and growth for the business in the North West and I can’t wait to get started and lead the team forward.”

Most recently, Tasker bought Numark Insurance Services, which has an affinity with Numark pharmacies across the UK. It joined Tasker’s specialist retail broking division within the broader retail business.

In November 2019, Robert Organ, Tasker’s group CEO, told Insurance Age that the business was seeking more specialist deals following its buy of Vantage Professional Risks.

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