A-Plan Holdings has agreed to acquire Endsleigh from Zurich, subject to regulatory approval.
Endsleigh will continue to operate as a separate entity with the existing management team from their base in Cheltenham. Endsleigh is part way through a transformation plan that sees a significant investment in IT, as well as in customer and insurer propositions, which will create an exciting platform for growth.
A-Plan Holdings Group CEO Carl Shuker said: “We are looking forward to working with Jeff Brinley and his team on the next stage of Endsleigh’s development. Endsleigh was established in 1965, originally by the NUS, and has a very long heritage in the student market, with unique insights and data – it is a business that we have known well for many years and for which we have huge admiration.”
Endsleigh CEO Jeff Brinley said: “This is a really exciting time for us and we’re delighted to be joining such a respected organisation as A-Plan, who continue to deliver impressive results in a challenging market. Our customers, our people, NUS, insurer partners and other partners we work with can be confident that we remain committed to our transformation programme, to looking after our customers and delivering growth in our core markets.”
Zurich’s UK CEO, Tulsi Naidu, said: "Over the last year Endsleigh has done an excellent job of transforming its business and tackling the challenges our industry presents, and now is the right time for it to move into new ownership.
"Endsleigh will be part of a well-respected and successful broker business, and will be in very good hands. This is a positive transaction for all parties, including Endsleigh's people and customers, and is a clear demonstration of how we are continuing to simplify our organisation and optimise our portfolio."