Acquisition: Unilink Group Acquires Mega Real Estate Brokers
In a strategic move, global insurance broker Acrisure has announced the acquisition of Mega Brokers, the largest retail insurance agent in Greece, and WH&R McCartney, a general commercial SME insurance broker based in Motherwell, Scotland. These acquisitions are part of Acrisure's ongoing growth strategy in the insurance brokerage sector.
The Unilink Group, a global fintech company owned by Acrisure, has entered the Greek market by acquiring Mega Brokers. This move shifts Mega Brokers from a national leader to a regional player, providing access to broader resources, new markets, and enhanced product capabilities across retail and commercial insurance, reinsurance, MGA solutions, and London Market access.
Mega Brokers specializes in retail broking, with a focus on value for brokers and customers enhanced by technology and marketing innovation. The strategic approach includes combining Mega Brokers’ strong local broking model with Unilink’s extensive regional footprint, which serves over 10.3 million clients through 16,500 agents and brokers across nine countries.
Anastasios Chatzitheodosiou, CEO of Mega Brokers, takes on an additional role as Acrisure’s chief growth officer for Central and Eastern Europe. The acquisition also involves equity participation from the Chatzitheodosiou family, founders of Mega Brokers, who have become shareholders in Acrisure.
Meanwhile, Acrisure has also announced the acquisition of WH&R McCartney, a move that further expands its operations in the UK market. WH&R McCartney is a general commercial SME insurance broker based in Motherwell, Scotland.
In another development, Acrisure has signed an agreement to acquire Universalis, subject to regulator approval in Portugal. Universalis is one of Portugal’s leading insurance brokers. The transaction involving Universalis is under review by the Portuguese Regulator (ASF).
The acquisition of Affinity Brokers Limited in the UK is expected to close pending FCA regulatory approvals. Unilink Group, with operations in nine countries including Poland, Bulgaria, Romania, Moldova, Czech Republic, Slovakia, Croatia, Slovenia, and Greece, welcomes the Mega Brokers team into the Unilink family.
Ioannis Chatzitheodosiou, Chairman of Mega Brokers, expressed pride and emotion about the company’s journey, from its humble beginnings to becoming a national force, and now joining a global powerhouse. Anastasios Chatzitheodosiou also expressed excitement about the new opportunities and potential for growth in the partnership.
Acrisure, which operates a top-10 global insurance broker, aims to create new opportunities through expertise, advanced technology, and its international capabilities. The integration aims to leverage combined strengths in technology, product offerings, and distribution capabilities, transforming Mega Brokers into a regional player with access to multiple markets.
[1] - Unilink Group Press Release [4] - Acrisure Press Release
- The Unilink Group, a fintech company owned by Acrisure, has entered the Greek market following the acquisition of Mega Brokers, an event that transforms Mega Brokers from a national leader to a regional player, offering access to broader resources, new markets, and enhanced product capabilities not only in retail and commercial insurance, but also in reinsurance, MGA solutions, and London Market access.
- The acquisition of WH&R McCartney by Acrisure serves to expand its operations in the UK business sector, as WH&R McCartney is a general commercial SME insurance broker based in Motherwell, Scotland.
- Innovation in technology and marketing is a specialty of Mega Brokers, a practice that Acrisure hopes to leverage in their new partnership, aiming to create new opportunities in the finance industry through expertise, advanced technology, and international capabilities, ultimately transforming Mega Brokers into a regional player with access to multiple markets.
