Finance
Australia's AUB Group to buy majority stake in UK-based insurer PIHL
Published by Global Banking and Finance Review
Posted on January 27, 2026
2 min readLast updated: January 27, 2026
Quick Summary
AUB Group will acquire a 95.9% stake in PIHL Holdings for A$432 million, enhancing its UK market presence and expecting significant cost synergies by FY27.
AUB Group to Acquire Majority Stake in UK Insurer PIHL Holdings
AUB Group's Strategic Acquisition
Jan 27 (Reuters) - Australia's AUB Group said on Tuesday it will acquire a 95.9% stake in UK-based private insurance broking and underwriting platform PIHL Holdings for A$432 million ($298.47 million).
Details of the Acquisition
The acquisition will help the insurance broking firm to accelerate its scale and expand its presence in the UK retail insurance market, the company said.
Financial Implications
AUB expects to tap more than A$10 million in cost synergies on a run-rate basis by the end of FY27, as well as additional revenue upside from cross-sell opportunities with
About PIHL Holdings
existing Tysers Wholesale and Retail businesses in the UK, it said.
Founded in 1973, PIHL Holdings, or Prestige, is a differentiated insurance group with operations in UK and Ireland markets.
AUB will fund the transaction through an A$400 million equity raise at A$29.40 per new share, representing a 7.9% discount to its last close.
Meanwhile, the company forecast its underlying net profit after tax (NPAT) to be in the range of A$90 million to A$91 million for the first half of 2026, compared to A$79.3 million reported a year before.
($1 = 1.4474 Australian dollars)
(Reporting by Jasmeen Ara Shaikh in Bengaluru; Editing by Alan Barona)
Key Takeaways
- •AUB Group to acquire 95.9% of PIHL Holdings.
- •The deal is valued at A$432 million.
- •AUB aims for A$10 million in cost synergies by FY27.
- •Transaction funded by A$400 million equity raise.
- •AUB forecasts increased NPAT for 2026.
Frequently Asked Questions about Australia's AUB Group to buy majority stake in UK-based insurer PIHL
1What is an acquisition?
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
2What is equity?
Equity represents ownership in a company, typically in the form of shares. It reflects the value of the owner's stake in the business.
3What is financial management?
Financial management involves planning, organizing, directing, and controlling the financial activities of an organization to achieve its financial goals.
4What is investment?
Investment refers to the allocation of resources, usually money, in order to generate income or profit over time.
5What is insurance?
Insurance is a financial product that provides protection against potential future losses or damages in exchange for regular premium payments.
