Avid Insurance Ltd strengthens position in market with acquisition of Incorporated Insurance Group Ltd
· Agreement marks Avid’s first acquisition since the business was backed by Beech Tree Private Equity · Incorporated Insurance Group Ltd (IIGL) brings on board additional specialist underwriting expertise in the construction sector for SME clients · Shawbrook Bank has led and arranged Unitranche facilities to support a refinance and to part fund the acquisition of IIGLLONDON: 04/03/21 Avid Insurance Ltd (Avid) has acquired specialist construction MGA Incorporated Insurance Group Ltd (IIGL) which takes the GWP of the combined business to c.£75m. Avid’s move for IIGL brings