IK Partners, through its IK Partnership III Fund, has entered into an agreement to acquire a minority stake in Seventeen Group, a leading independent insurance and risk management organisation in the UK.
The stake will be purchased from the company’s founding shareholders and management team. While the financial details of the transaction remain undisclosed, the deal marks IK Partners’ first investment in the UK insurance sector, further expanding its expertise in supporting similar businesses across Europe.
About Seventeen Group
Established in 1982, Seventeen Group provides a comprehensive suite of services, including insurance broking, underwriting, risk management, and claims handling. The Group is structured around:
- James Hallam – A UK-wide brokerage platform catering to domestic and international commercial, personal, specialty, and high-net-worth clients.
- Touchstone – A specialist independent managing general agency (MGA) serving over 550 brokers.
- London Re – A joint venture with MRH Trowe, headquartered in Düsseldorf, Germany.
With 25 offices across the UK, the DACH region, and the Isle of Man, Seventeen Group manages approximately £400 million in premiums.
Strategic Growth and Future Plans
“This investment marks a pivotal milestone for the Group. With the backing of IK, Seventeen is poised to accelerate its growth trajectory, harnessing technology to explore new opportunities and strengthen its presence in both existing and emerging markets.”
