Hagerty to acquire Bennetts in UK motorcycle insurance push
Key takeaways
- Hagerty to acquire Bennetts in UK motorcycle insurance push Bennetts was founded in 1930.
- The transaction is due to complete in the third quarter (Q3) of this year, subject to regulatory clearance.
- According to the company, the acquisition expands its international footprint and supports its ongoing investment in Broad Arrow, its auctions business operating outside the US.
Hagerty to acquire Bennetts in UK motorcycle insurance push Bennetts was founded in 1930. Credit: Hagerty/PR Newswire. · Life Insurance International · Hagerty/PR Newswire. Shubhendu Vimal Fri, July 3, 2026 at 9:35 PM GMT+7 1 min read HGTY US-based Hagerty has signed a definitive agreement to buy UK specialty motorcycle insurance broker Bennetts from Lucida Group in a deal worth £34m ($43m).
The transaction is due to complete in the third quarter (Q3) of this year, subject to regulatory clearance. Hagerty said it is expected to be accretive to its earnings from completion.
According to the company, the acquisition expands its international footprint and supports its ongoing investment in Broad Arrow, its auctions business operating outside the US.