NewsMeter
(NYSE: HGTY) has signed a definitive agreement to acquire Bennetts, a transaction that would install the Traverse City, Michigan-based driving-enthusiast company as the second-largest specialty motorcycle insurance broker in the United Kingdom.
The deal marks a significant geographic expansion for Hagerty, which has built its business around insurance, buying and selling platforms, publishing, and events for vehicle enthusiasts.
Deal Mechanics and Market Position The acquisition of Bennetts gives Hagerty an immediate ranked position in the UK specialty motorcycle insurance segment — second place among specialist brokers in that market.
The source does not disclose a transaction price, closing timeline, or Bennetts' current premium volume, so no financial terms can be reported at this stage.
Keep reading