Gallagher acquires broker to address education sector's ‘evolving risk landscape’

Global insurance broker Gallagher has acquired FE Protect.

Insurance broker Education Protect is a trading style of FE Protect, which is part of AT Squared Holdings.

FE Protect, founded in 2016 and based in Liverpool, provides insurance and risk management services for education providers such as colleges and schools.

Its portfolio of insurance products includes buildings, contents, business interruption, liability and trustees’ indemnity, for example.

FE Protect’s previous company name was Bikmo Plus. In 2019, the business came under private ownership following a management buyout.

The move will see the firm’s whole team – including directors Andy Thomson and Alan Tune – join Gallagher’s public sector and education practice, led by regional manging director Tim Devine.

Devine said FE Protect was a “brilliant addition” to the division, considering the business “dovetails very well with our current education client base”.

Growth ‘springboard’

Devine added: “Andrew and Alan have built a great team which really understands the challenges and risks faced by further education establishments, so I am delighted to welcome them all to Gallagher.

“The bringing together of their team with our existing people gives us an enviable springboard for further growth.”

Tune said: “Becoming part of Gallagher is great news for our clients and people.

“Gallagher’s reputation for providing clients with a high level of sector expertise, plus its ethical approach, [is] how we like to do business and we are looking forward to joining forces.

“The UK’s further education sector is already significant in size and continues to grow – meaning there are many opportunities for us to help protect additional organisations in the sector from the evolving risk landscape that they face.”