Thu, 07 Aug 2025 | BUSINESS SALE
International insurance brokerage and consulting firm NFP has announced the acquisition of Bspoke Insurance Group, a platform of multi-class niche and specialist managing general agents (MGAs), managing general underwriter and specialist insurance distributors.
Following its acquisition by NFP, an Aon company, Bspoke will continue to operate independently, with all businesses continuing to operate under their existing brands and its management team reporting to NFP Europe President Matt Pawley.
Bspoke is headquartered in Leeds and has further offices in London, Liverpool, Shropshire, Gloucestershire and Essex. The business was formed in 2022 via the merger of the Precision Partnership Limited and UK General Insurance Group.
Businesses within the platform are built around individual product specialisms, led by experienced and technically skilled underwriting teams. In 2025, the business was awarded MGA of the Year at the National Insurance Awards.
The company’s product range includes commercial and trades, leisure, haulage and transportation, lifestyle, property and high-net-worth, as well as distribution options for brokers, affinities and schemes.
Following the acquisition, NFP Europe President Matt Pawley hailed the addition of the Bspoke team, commenting: "With their industry experience, diverse range of specialist solutions and customer-centric approach, they've driven exceptional growth and client-retention."
He continued: "The Bspoke team will strengthen our existing suite of insurance solutions while expanding our technical underwriting expertise and specialist product knowledge."
Tim Smyth, founder of Bspoke said, "NFP offers Bspoke a fantastic opportunity to build on the platform we have developed over the past two years. With NFP's support, we can drive strong organic growth, attract top talent and pursue further acquisition opportunities to sustain Bspoke as a leading niche and specialist player with a relentless focus on meeting dynamic client needs."
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