Hagerty to acquire Bennetts in UK motorcycle insurance push

Shubhendu Vimal

Fri, July 3, 2026 astatine 9:35 AM CDT 1 min read

US-based Hagerty has signed a definitive statement to bargain UK specialty motorcycle security broker Bennetts from Lucida Group successful a woody worthy £34m ($43m).

The transaction is owed to implicit successful the 3rd 4th (Q3) of this year, taxable to regulatory clearance. Hagerty said it is expected to beryllium accretive to its net from completion.

According to the company, the acquisition expands its planetary footprint and supports its ongoing concern successful Broad Arrow, its auctions concern operating extracurricular the US.

Hagerty said the concern operates connected a member-focused exemplary that reflects its ain attack successful the "enthusiast car space".

The acquisition is expected to triple its UK gross to astir £25m, Hagerty added.

It said the net publication is expected to materialise independently of immoderate synergies that whitethorn beryllium realised later.

The woody follows enlargement done Broad Arrow Auctions, a planetary collector car auction location operating arsenic a subsidiary of Hagerty, which has accrued its beingness crossed Europe implicit the past year.

Hagerty said that, with Bennetts joining the group, it plans to bring unneurotic specialty insurance, unrecorded and integer auction formats, and assemblage engagement crossed motorcycles and enthusiast cars successful the UK, and cited cross-sell imaginable betwixt the 2 businesses.

Hagerty CEO and president McKeel Hagerty said: "Bennetts is simply a marque built the aforesaid mode Hagerty was built – by genuine enthusiasts, for genuine enthusiasts.

"Their 100,000 assemblage members from Bennetts' 'Bike Social' platform, decades of spot successful the UK motorcycle marketplace and disciplined, low-frequency publication marque this a earthy hold of everything we basal for arsenic we look to effect our planetary maturation successful a deliberate way."

"Hagerty to get Bennetts successful UK motorcycle security push" was primitively created and published by Life Insurance International, a GlobalData owned brand.