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Bennetts

Full company profile

uuid000l28m

Namestring
Bennetts
Legal namestring
Bennetts Motorcycling Services Limited
Websiteurl
bennetts.co.uk
Company typeenum
Private
Founded yearint
1930
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
51–100
akta.pro rankint
HeadquartersPeterborough, United Kingdom
HQ citystring
Peterborough
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Offices4 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
motorbike insurance, motorcycle insurance broker, classic bike insurance, multi-bike insurance, moped insurance
NAICS code1 code
  • Insurance Agencies and Brokerages524210
Product category
Motorcycle Insurance Brokerage
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1Insurance Brokerage Commissions
TypeSubscription Recurring
Description

Bennetts earns commission on insurance policies sold through its platform, retaining a percentage of annual premiums to cover operating costs and profit with balance paid to insurers. Also earns renewal administration fees, interest on instalment policies, various administration fees, and bonuses for sales volume targets.

bennetts.co.uk
2Insurance Administration Fees
TypeTransaction Fee
Description

New Business Arrangement Fee of £30, Renewal Arrangement Fee of £30, Policy Amendment Fee of £32, Cancellation Fee of £50 (after 14 days), and £20 Payment Default Fee

bennetts.co.uk
3BikeSocial Membership Subscriptions
TypeSubscription Recurring
Description

Monthly subscription at £6 per month or annual subscription at £60 per year for non-Bennetts insurance customers. Bennetts direct insurance customers receive free BikeSocial Membership access.

rewards.bennetts.co.uk
4Acquisition Target - Revenue Uplift
TypeSubscription Recurring
Description

The acquisition by Hagerty is projected to triple UK revenue to approximately £25 million, adding 15% UK motorcycle insurance market share and 100,000 community members from Bennetts' Bike Social platform.

citybiz.co
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels4 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Pricing details4 tiers
1Motorbike Insurance - Quote-based pricing
ModelOtherBilling cadenceMonthly
Notes

You could get specialist 5-star rated cover for less than £67. *10% of customers who purchased a new policy between 1 February 2026 and 30 April 2026, and paid annually, paid £67 or less. Includes Multi-Bike Policies. Price includes IPT. Cover and premiums depend on individual circumstances.

bennetts.co.uk
2BikeSocial Membership - Free for Bennetts Customers
ModelFreemiumBilling cadenceMonthly
Notes

Free for Bennetts direct insurance customers who purchase motorbike insurance directly from Bennetts. Membership worth £60 is free for these customers.

rewards.bennetts.co.uk
3BikeSocial Membership - Paid Tier
ModelSubscriptionBilling cadenceAnnual
Notes

£6 per month OR £60 per year (save 15% with annual). For non-Bennetts insurance customers who want access to the membership rewards and community.

rewards.bennetts.co.uk
4Insurance Service Fees
ModelTransaction based/ take rateBilling cadencePay-as-you-go
Notes

New Business Arrangement Fee: £30; Renewal Arrangement Fee: £30; Policy Amendment Fee: £32; Cancellation Fee: £50 after 14 days, £10 within 14 days; Payment Default Fee: £20

bennetts.co.uk
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 3 records shown
1BikeSocial
Description

A digital platform and membership programme offering motorcyclists editorial content, bike reviews, events coverage, discounts, competitions, and rider training. Formerly Bennetts Rewards before rebranding in 2021. Over 100,000 registered members. Not regulated by the FCA.

bennetts.co.uk
+2 more records
Core offering1 text field

Bennetts is a specialist UK motorbike insurance broker, established in 1930, that compares prices from a panel of leading UK motorcycle insurers to source cover for riders. The core offering is motorbike insurance with variants for classic, multi-bike, moped/scooter, young rider, and custom/modified bikes, complemented by add-on covers (legal expenses, personal accident, helmet and leathers, breakdown) and premium finance. Alongside insurance, Bennetts operates BikeSocial, a digital content and community platform for motorcyclists, and BikeSocial Membership, a subscription rewards programme offering exclusive discounts, competitions, VIP British Superbike experiences, and rider training.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 15% UK motorcycle insurance market share as #2 specialty broker
+3 more records
Product overview1 text field

Bennetts is a specialist UK motorcycle insurance broker operating as an independent intermediary, comparing prices from a panel of insurers to offer competitive coverage. The core product is motorbike insurance with variants for classic bikes, multi-bike policies (up to 6 bikes), mopeds/scooters, young riders, and custom/modified bikes. The company also offers a suite of add-on products including Legal Expenses Cover, Personal Accident Cover, Helmet and Leathers Cover, Breakdown/Recovery services (via RAC), and Premium Finance options. Complementing the insurance products is BikeSocial, a digital community platform providing editorial content (news, reviews, events, advice) and BikeSocial Membership, a subscription rewards program offering exclusive discounts, competitions, VIP experiences, and rider training to over 86,000 registered members. Founded in 1930, Bennetts holds approximately 15% of the UK motorcycle insurance market.

Product and service8 records
1Motorbike Insurance
CategoryMotorcycle Insurance Brokerage
Description

Specialist motorcycle insurance broker service for UK motorbike riders, comparing prices across a panel of the UK's biggest motorbike insurers to find competitive cover. Defaqto 5-star rated from 2010 to 2026.

2Classic Bike Insurance
CategoryMotorcycle Insurance Brokerage
Description

Specialised insurance coverage tailored for classic and vintage motorcycles.

3Multi-Bike Insurance
CategoryMotorcycle Insurance Brokerage
Description

Insurance policy allowing coverage for up to 6 motorcycles on a single policy, typically more cost-effective than separate policies.

4Moped and Scooter Insurance
CategoryMotorcycle Insurance Brokerage
Description

Insurance coverage for mopeds and scooters.

5Young Rider Bike Insurance
CategoryMotorcycle Insurance Brokerage
Description

Specialized motorcycle insurance designed for younger and newly licensed riders.

6Custom and Modified Bike Insurance
CategoryMotorcycle Insurance Brokerage
Description

Insurance coverage tailored for custom-built and modified motorcycles.

7BikeSocial Membership
CategorySubscription Membership / Community Platform
Description

Subscription membership programme offering exclusive discounts, competitions, VIP British Superbike experiences, rider training, and access to the UK's largest motorcycle club with over 86,000 registered members. Free for Bennetts direct insurance customers; £6/month or £60/year for non-customers.

8BikeSocial Digital Content Platform
CategoryDigital Content Platform
Description

Digital platform providing motorcycle news, bike reviews, events coverage, articles on motorcycle maintenance, riding advice, and travel content. Accessible via website, YouTube, Facebook, Instagram and X, reaching over half a million motorcyclists annually.

Scale indicator8 records

Each record includes

Type, Value, Description, Source

Partnership6 partners
Strategic tierCoreTypeOthers
Description

Breakdown and Breakdown Plus coverage provided by RAC Motoring Services. Breakdown EU provided by RAC Motoring Services and RAC Insurance Service Limited.

Strategic tierCoreTypeOthers
Description

Premium finance services provided by Premium Credit Limited for customers paying for policies by instalments.

Strategic tierCoreTypeOthers
Description

Underwriter for Personal Accident Cover and Helmet and Leathers Cover, administered by Bspoke Underwriting Ltd.

Strategic tierCoreTypeOthers
Description

Underwriter for Legal Expenses Cover, administered by 4th Dimension Innovation Limited.

5British Superbike Championship
Strategic tierCoreTypeGTM or Marketing Partner
Description

Bennetts sponsors 11 British Superbike Championship race weekends annually, offering exclusive customer experiences including VIP access, pit wall, grid walks, and hospitality packages.

bennetts.co.uk
6BikeSocial Suppliers
Strategic tierMinorTypeOthers
Description

Various motorcycle equipment and gear brands provide exclusive offers and discounts for BikeSocial members, including AGV, Airoh, Akrapovic, Alpinestars, Arai, Arrow, Bridgestone, Garmin, Helite, K&N, Metzeler, Oxford, Pirelli, Shoei, Spada, Sportsbikeshop, and others.

bennetts.co.uk
Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

UK high-street and online insurance broker with a dedicated motorcycle and bike insurance arm. Overlaps with Bennetts on UK motorcycle brokerage but operates a much broader multi-line insurance proposition.

TypeBroad incumbent
Description

UK-based multi-line insurance group whose brands (including Elephant, Diamond and Bell) distribute motorcycle cover as part of wider motor and household policies. Competitor at the broader UK motorcycle distribution layer.

TypeDirect peer
Description

UK specialist motorcycle insurance broker focused on non-standard, classic and modified bikes. Highly comparable to Bennetts as a niche motorcycle broker targeting enthusiast riders underserved by mainstream insurers.

TypeBroad incumbent
Description

One of the UK's largest general insurers, offering motorcycle cover through both direct channels and broker panels. Overlaps with Bennetts as a major UK motorcycle insurance provider and potential panel partner.

TypeDirect peer
Description

Long-established UK motorcycle insurance specialist broker offering core, classic, multi-bike and rider-specific policies. Competes head-to-head with Bennetts for the same UK motorcycle enthusiast customer base via a panel-of-insurers brokerage model.

TypeDirect peer
Description

UK-based specialist motorcycle insurance broker with a similar motorcyclist-focused proposition, classic and custom bike coverage, and a strong enthusiast community angle. Most direct competitor to Bennetts in the UK specialty motorcycle broker segment.

TypeDirect peer
Description

UK specialist broker focused on non-standard and enthusiast vehicle insurance including motorcycles, classics and modified bikes. Comparable to Bennetts' niche/classic/custom positioning and panel-broker model.

8Compare the Market
TypeBroad incumbent
Description

UK insurance price-comparison platform that aggregates motorcycle quotes from multiple insurers and brokers. Direct competitive overlap with Bennetts' comparison-driven brokerage model, but as a generalist aggregator rather than a specialist.

TypeDirect peer
Description

UK motorcycle insurance specialist underwriting and distributing its own motorcycle policies. Closely comparable specialty focus to Bennetts but operating as an underwriter rather than a multi-insurer broker.

TypeBroad incumbent
Description

UK multi-line direct insurer offering motorcycle insurance alongside car, home and van products. Overlaps with Bennetts on UK motorcycle distribution as part of a much broader general insurance portfolio.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance4 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Bennetts

Motorcycle Insurance Brokeragebennetts.co.uk

Bennetts firmographics

Firmographics
Name
Bennetts
Legal name
Bennetts Motorcycling Services Limited
Website
https://bennetts.co.uk
Company type
Private
Founded year
1930
Operating status
Operating
Headcount range
51–100 employees
Ownership category
akta.pro rank

Where Bennetts is headquartered

Location

Headquarters

HQ city
Peterborough
HQ country
United Kingdom
HQ region
Europe

Offices4 records

Markets served

Bennetts business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

  1. Insurance Brokerage Commissions: Bennetts earns commission on insurance policies sold through its platform, retaining a percentage of annual premiums to cover operating costs and profit with balance paid to insurers. Also earns renewal administration fees, interest on instalment policies, various administration fees, and bonuses for sales volume targets.
  2. Insurance Administration Fees: New Business Arrangement Fee of £30, Renewal Arrangement Fee of £30, Policy Amendment Fee of £32, Cancellation Fee of £50 (after 14 days), and £20 Payment Default Fee
  3. BikeSocial Membership Subscriptions: Monthly subscription at £6 per month or annual subscription at £60 per year for non-Bennetts insurance customers. Bennetts direct insurance customers receive free BikeSocial Membership access.
  4. Acquisition Target - Revenue Uplift: The acquisition by Hagerty is projected to triple UK revenue to approximately £25 million, adding 15% UK motorcycle insurance market share and 100,000 community members from Bennetts' Bike Social platform.

Pricing tiers

ModelBillingPrice
OtherMonthlyMotorbike Insurance - Quote-based pricing
FreemiumMonthlyBikeSocial Membership - Free for Bennetts Customers
SubscriptionAnnualBikeSocial Membership - Paid Tier
Transaction based/ take ratePay-as-you-goInsurance Service Fees

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Bennetts product offering

Product offering

Core offering

Bennetts is a specialist UK motorbike insurance broker, established in 1930, that compares prices from a panel of leading UK motorcycle insurers to source cover for riders. The core offering is motorbike insurance with variants for classic, multi-bike, moped/scooter, young rider, and custom/modified bikes, complemented by add-on covers (legal expenses, personal accident, helmet and leathers, breakdown) and premium finance. Alongside insurance, Bennetts operates BikeSocial, a digital content and community platform for motorcyclists, and BikeSocial Membership, a subscription rewards programme offering exclusive discounts, competitions, VIP British Superbike experiences, and rider training.

Product overview

Bennetts is a specialist UK motorcycle insurance broker operating as an independent intermediary, comparing prices from a panel of insurers to offer competitive coverage. The core product is motorbike insurance with variants for classic bikes, multi-bike policies (up to 6 bikes), mopeds/scooters, young riders, and custom/modified bikes. The company also offers a suite of add-on products including Legal Expenses Cover, Personal Accident Cover, Helmet and Leathers Cover, Breakdown/Recovery services (via RAC), and Premium Finance options. Complementing the insurance products is BikeSocial, a digital community platform providing editorial content (news, reviews, events, advice) and BikeSocial Membership, a subscription rewards program offering exclusive discounts, competitions, VIP experiences, and rider training to over 86,000 registered members. Founded in 1930, Bennetts holds approximately 15% of the UK motorcycle insurance market.

Differentiator

Problem solved

Functional benefit

Brands

  • BikeSocial: A digital platform and membership programme offering motorcyclists editorial content, bike reviews, events coverage, discounts, competitions, and rider training. Formerly Bennetts Rewards before rebranding in 2021. Over 100,000 registered members. Not regulated by the FCA.
  • BikeSocial Membership
  • BikeClub

Products and services

  • Motorbike Insurance Specialist motorcycle insurance broker service for UK motorbike riders, comparing prices across a panel of the UK's biggest motorbike insurers to find competitive cover. Defaqto 5-star rated from 2010 to 2026.
  • Classic Bike Insurance Specialised insurance coverage tailored for classic and vintage motorcycles.
  • Multi-Bike Insurance Insurance policy allowing coverage for up to 6 motorcycles on a single policy, typically more cost-effective than separate policies.
  • Moped and Scooter Insurance Insurance coverage for mopeds and scooters.
  • Young Rider Bike Insurance Specialized motorcycle insurance designed for younger and newly licensed riders.
  • Custom and Modified Bike Insurance Insurance coverage tailored for custom-built and modified motorcycles.
  • BikeSocial Membership Subscription membership programme offering exclusive discounts, competitions, VIP British Superbike experiences, rider training, and access to the UK's largest motorcycle club with over 86,000 registered members. Free for Bennetts direct insurance customers; £6/month or £60/year for non-customers.
  • BikeSocial Digital Content Platform Digital platform providing motorcycle news, bike reviews, events coverage, articles on motorcycle maintenance, riding advice, and travel content. Accessible via website, YouTube, Facebook, Instagram and X, reaching over half a million motorcyclists annually.

Quantifiable outcome

  • 15% UK motorcycle insurance market share as #2 specialty broker
  • +3 more outcomes

Companies that use Bennetts

Customer profile

Named customers3 records

Segments6 records

Ideal customer profiles2 records

Bennetts technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Bennetts partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered core and minor.

  • RAC Motoring ServicescoreOthersBreakdown and Breakdown Plus coverage provided by RAC Motoring Services. Breakdown EU provided by RAC Motoring Services and RAC Insurance Service Limited.
  • Premium Credit LimitedcoreOthersPremium finance services provided by Premium Credit Limited for customers paying for policies by instalments.
  • Watford Insurance Company Europe LimitedcoreOthersUnderwriter for Personal Accident Cover and Helmet and Leathers Cover, administered by Bspoke Underwriting Ltd.
  • Financial and Legal Insurance Company LimitedcoreOthersUnderwriter for Legal Expenses Cover, administered by 4th Dimension Innovation Limited.
  • British Superbike ChampionshipcoreGTM or Marketing PartnerBennetts sponsors 11 British Superbike Championship race weekends annually, offering exclusive customer experiences including VIP access, pit wall, grid walks, and hospitality packages.
  • BikeSocial SuppliersminorOthersVarious motorcycle equipment and gear brands provide exclusive offers and discounts for BikeSocial members, including AGV, Airoh, Akrapovic, Alpinestars, Arai, Arrow, Bridgestone, Garmin, Helite, K&N, Metzeler, Oxford, Pirelli, Shoei, Spada, Sportsbikeshop, and others.

Scale indicators8 records

Recent moves3 records

Expansion highlights5 records

Bennetts competitors and assessment

Company assessment

Direct peers

  • Swinton Insurance: UK high-street and online insurance broker with a dedicated motorcycle and bike insurance arm. Overlaps with Bennetts on UK motorcycle brokerage but operates a much broader multi-line insurance proposition.
  • Bikesure: UK specialist motorcycle insurance broker focused on non-standard, classic and modified bikes. Highly comparable to Bennetts as a niche motorcycle broker targeting enthusiast riders underserved by mainstream insurers.
  • Devitt Insurance: Long-established UK motorcycle insurance specialist broker offering core, classic, multi-bike and rider-specific policies. Competes head-to-head with Bennetts for the same UK motorcycle enthusiast customer base via a panel-of-insurers brokerage model.
  • Carole Nash: UK-based specialist motorcycle insurance broker with a similar motorcyclist-focused proposition, classic and custom bike coverage, and a strong enthusiast community angle. Most direct competitor to Bennetts in the UK specialty motorcycle broker segment.
  • Adrian Flux: UK specialist broker focused on non-standard and enthusiast vehicle insurance including motorcycles, classics and modified bikes. Comparable to Bennetts' niche/classic/custom positioning and panel-broker model.
  • MCE Insurance: UK motorcycle insurance specialist underwriting and distributing its own motorcycle policies. Closely comparable specialty focus to Bennetts but operating as an underwriter rather than a multi-insurer broker.

Broad incumbents

  • Admiral Group: UK-based multi-line insurance group whose brands (including Elephant, Diamond and Bell) distribute motorcycle cover as part of wider motor and household policies. Competitor at the broader UK motorcycle distribution layer.
  • Aviva: One of the UK's largest general insurers, offering motorcycle cover through both direct channels and broker panels. Overlaps with Bennetts as a major UK motorcycle insurance provider and potential panel partner.
  • Compare the Market: UK insurance price-comparison platform that aggregates motorcycle quotes from multiple insurers and brokers. Direct competitive overlap with Bennetts' comparison-driven brokerage model, but as a generalist aggregator rather than a specialist.
  • Hastings Direct: UK multi-line direct insurer offering motorcycle insurance alongside car, home and van products. Overlaps with Bennetts on UK motorcycle distribution as part of a much broader general insurance portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Bennetts social profiles

Digital presence

Bennetts compliance and trust

Trust signal

Compliance4 records

Bennetts financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Bennetts leadership team

Management profile

Number of profiles

Profiles1 record

Bennetts funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Bennetts M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bennetts

What does Bennetts do?

Bennetts is a specialist UK motorbike insurance broker, established in 1930, that compares prices from a panel of leading UK motorcycle insurers to source cover for riders. The core offering is motorbike insurance with variants for classic, multi-bike, moped/scooter, young rider, and custom/modified bikes, complemented by add-on covers (legal expenses, personal accident, helmet and leathers, breakdown) and premium finance. Alongside insurance, Bennetts operates BikeSocial, a digital content and community platform for motorcyclists, and BikeSocial Membership, a subscription rewards programme offering exclusive discounts, competitions, VIP British Superbike experiences, and rider training.

Is Bennetts a public or private company?

Bennetts is a private company. It is classified as private equity controlled and is currently operating.

When was Bennetts founded?

Bennetts was founded in 1930. It employs 51 to 100 people.

Where is Bennetts based?

Bennetts is headquartered in Peterborough, United Kingdom, in the Europe region.

How does Bennetts make money?

Four revenue lines are on record. Insurance Brokerage Commissions are the primary driver. The others are insurance Administration Fees, bikeSocial Membership Subscriptions and acquisition Target - Revenue Uplift.

Who are Bennetts's main competitors?

Direct peers on record are Swinton Insurance, Bikesure, Devitt Insurance, Carole Nash, Adrian Flux and MCE Insurance. Broad incumbents are Admiral Group, Aviva, Compare the Market and Hastings Direct.

Does Bennetts have an API?

No public API is recorded for Bennetts.

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Live signals
Seeking AlphaHagerty outlines 2026 adjusted EBITDA of $270M-$280M as written premium growth outlook rises to 16%-17% (NYSE:HGTY)Hagerty Inc. reported Q2 2026 results with first-half 2026 described as the best in company history, marked by record policy additions and 19% written premium growth that led management to raise full-year written premium growth guidance to 16%-17% and adjusted EBITDA expectations to $270-280 million. The company also announced the acquisition of Bennetts, the second-largest specialty motorcycle insurer in the UK, for GBP 34 million, while its State Farm partnership expanded to 37 states with active conversions of 525,000 existing collector car policies underway. Management shifted from expecting a full-year GAAP net loss to projecting GAAP net income of $18-30 million for 2026.PR NewswireHagerty Reports Second Quarter 2026 ResultsHagerty reported Q2 2026 results with written premium up 19% to $425 million and adjusted EBITDA up 3% to $75 million. The company raised its 2026 outlook, projecting written premium growth of 16-17% and net income of $18-30 million. It also plans to acquire Bennetts, tripling its UK motorcycle insurance scale.YahooHagerty to acquire Bennetts in UK motorcycle insurance pushUS-based Hagerty has signed a definitive agreement to acquire UK specialty motorcycle insurance broker Bennetts from Lucida Group for £34m ($43m), with completion expected in Q3 2025 subject to regulatory clearance. The transaction is expected to be earnings-accretive from completion and to triple Hagerty's UK revenue to approximately £25m, expanding its international footprint in the enthusiast vehicle insurance and auction space. The deal follows Hagerty's recent expansion through Broad Arrow Auctions and includes plans to cross-sell specialty insurance, live and digital auction formats, and community engagement across motorcycles and enthusiast cars in the UK.Life Insurance InternationalHagerty to acquire Bennetts in UK motorcycle insurance pushUS-based Hagerty has signed a definitive agreement to acquire UK specialty motorcycle insurance broker Bennetts from Lucida Group for £34m ($43m), with completion expected in Q3 this year subject to regulatory clearance. The transaction is expected to be accretive to earnings from completion and is projected to triple Hagerty's UK revenue to approximately £25m, expanding its international footprint through Bennetts' 100,000 community members and established market presence. The deal supports Hagerty's broader strategy of combining specialty insurance, auction formats, and community engagement across motorcycles and enthusiast cars in the UK.citybizHagerty to Acquire Bennetts, Expanding UK Insurance Business and Motorcycle Market PresenceHagerty has agreed to acquire Bennetts, the United Kingdom's second-largest specialty motorcycle insurance broker, for £34 million (approximately $43 million), subject to regulatory approval with an expected closing in Q3 2026. The transaction is expected to be immediately accretive to Hagerty's financial results and is projected to triple the company's UK revenue to approximately £25 million while enabling the combination of motorcycle insurance with Hagerty's existing enthusiast car business. Founded more than 90 years ago, Bennetts holds approximately 15% of the UK motorcycle insurance market and serves enthusiasts through its insurance offerings and BikeSocial digital platform with over 100,000 members.citybizHagerty to Acquire Bennetts in $43 Million Deal to Expand UK Insurance BusinessHagerty Inc. has agreed to acquire Bennetts, the UK’s second-largest specialty motorcycle insurance broker, for £34 million ($43 million) to expand its international insurance platform. The transaction is expected to close in the third quarter of 2026 and will immediately accrete earnings while tripling Hagerty's UK revenue to approximately £25 million. This strategic move extends Hagerty’s enthusiast-focused business model into the motorcycle market, leveraging Bennetts' large community and strong brand reputation.AijournHagerty Agrees to Acquire Bennetts to Become #2 Specialty Motorcycle Insurance Broker in the United KingdomHagerty, Inc. has entered into a definitive agreement to acquire Bennetts, the United Kingdom's #2 specialty motorcycle insurance broker, from Lucida Group for £34 million ($43 million USD). The transaction is expected to be immediately accretive and close during Q3 2026, subject to regulatory approval. The acquisition is expected to triple Hagerty's UK revenue to approximately £25 million and build on its international momentum through Broad Arrow Auctions, combining specialty insurance, auctions and community engagement across motorcycles and enthusiast cars.Stock TitanHagerty to buy Bennetts for £34MHagerty, Inc. has entered into a definitive agreement to acquire Bennetts, the United Kingdom's second-largest specialty motorcycle insurance broker, from Lucida Group for £34 million (approximately $43 million USD), with the transaction expected to close in Q3 2026 pending regulatory approval. The acquisition is expected to be immediately accretive, tripling Hagerty's UK revenue to approximately £25 million and increasing its UK motorcycle insurance market share to 15%. Bennetts, founded in 1930, brings 100,000 community members from its Bike Social platform, a 65 Net Promoter Score, and a 4.7/5.0 Trustpilot rating, aligning with Hagerty's enthusiast-focused business model.PR NewswireHagerty Agrees to Acquire Bennetts to Become #2 Specialty Motorcycle Insurance Broker in the United KingdomHagerty, Inc. has entered into a definitive agreement to acquire Bennetts, the United Kingdom's #2 specialty motorcycle insurance broker, from Lucida Group for £34 million ($43 million USD), with closing expected in Q3 2026 pending regulatory approval. The transaction is expected to be immediately accretive and will triple Hagerty's UK revenue to approximately £25 million, while adding 15% UK motorcycle insurance market share and 100,000 community members from Bennetts' Bike Social platform. The acquisition aims to establish Hagerty as a major player in the UK motorcycle insurance market, combining specialty insurance, live and digital auctions, and community engagement across both motorcycles and enthusiast cars.Insurance TimesUS insurer agrees to acquire UK motorcycle brokerUS insurer Hagerty has entered into a definitive agreement to acquire UK motorcycle broker Bennetts from Lucida Group for £34m, with the deal expected to close in Q3 2026. Bennetts holds a 15% share of the UK motorcycle insurance market and brings 100,000 community members from its Bike Social platform. Hagerty expects the acquisition to triple its UK revenue to approximately £25m and create an integrated enthusiast platform combining specialty insurance, live and digital auctions, and community engagement across motorcycles and enthusiast cars.