AUB Group to acquire Tysers from Odyssey Investment Partners $740m.

AUB Group, an Australia equity-based insurance broker network, agreed to acquire Tysers, a provider of insurance and risk management solutions, from Odyssey Investment Partners, a private equity investment firm, $740m. “The acquisition represents an important next step in the AUB Strategy to build out our client offering and risk expertise. Lloyd’s is the largest insurance market in the world. Tysers provides AUB Group the ability to access a diverse range of risks and insurance types for our clients and broker networks in Australia and New Zealand whilst also gaining the capability to accelerate the establishment of new agencies in these markets,” Mike Emmett, AUB Group CEO.