AUB Group acquired Tysers from Odyssey Investment Partners in September of 2022, with FY’24 marking the first full year of ownership.

According to the firm, the international division achieved solid growth, supported by early momentum in newly seeded businesses and more recent acquisitions.

This includes AUB’s recently announced acquisition of a majority stake in Prestige Insurance. In its results, AUB revealed that Prestige will become the primary brand for its UK retail equity brokerages, and it will separate existing Tysers UK Retail teams and transfer them to Prestige.

AUB noted that the combination of Prestige and Tysers UK Retail creates a pan-UK platform, enabling further bolt-on M&A to target geographical gaps in Northern England and Scotland.

The international division also delivered underlying PBT growth of 29% compared with H1’25, alongside margin expansion of 510bps to 20.7%.

Overall, AUB Group delivered a strong financial performance in 1HFY26, reporting underlying net profit after tax of AUD 90.4 million, up 13.9% from AUD 79.3 million in 1HFY25, with margin expansion of 190bps to 33.9%.

Total revenue increased 6.6% to AUD 759.5 million, with growth across most divisions, including 5.3% in the international division to AUD 215.5 million.

Underlying earnings per share rose 13.9% to 77.54 cents from 68.07 cents, while dividend per share increased 8% to 27.0 cents from 25.0 cents.

AUB’s underlying net profit after tax guidance range for FY26 has been upgraded to AUD 220 million–AUD 230 million to include Prestige (assumed to settle no later than 1st May 2026), and step-ups in AUB 360 and Pacific Indemnity, representing growth of 9.9%–14.9% over FY’25.

Michael Emmett, CEO and Managing Director of AUB Group, said, “The Group delivered another strong profit result in 1H26, with robust earnings growth in most Divisions. This was despite a disappointing performance in New Zealand and unfavourable currency headwinds from continued weakening of the US Dollar. I would like to thank our teams, member businesses and insurer partners for their commitment and execution. Above all, I thank our customers for their trust and their reliance on our advice for their insurance needs.”

AUB has also announced the appointment of Nick Dryden as Chief Financial Officer (CFO), effective 24th February 2026.

Dryden joined AUB as Deputy CFO in June 2023, and was appointed Interim CFO on 16th September 2025.

Emmett added, “Since joining AUB, Nick has played a key role in overseeing the Group’s finance function and leading the successful completion of the FY25 and 1H26 financial close and results preparation. I would like to congratulate Nick on his appointment, and look forward to continuing working with him to deliver our future growth strategies.”

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This appointment aligns with Tysers’ long-term commitment to deliver exceptional claims service to clients.

Truszczynska has extensive expertise, with over 11 years of experience. Her leadership, creativity, and global perspective will be instrumental in driving innovation and reinforcing the broker’s position as a trusted partner, said Tysers.

Most recently, she served at Norwegian Hull Club as Vice President, Claims, leading the resolution of complex claims cases across multiple jurisdictions and territories.

Truszczynska has successfully managed some of the most challenging claims across a wide range of markets and segments, while also advising clients on policy conditions.

As a qualified lawyer, she has built a strong reputation as an educator in marine insurance, regularly sharing her knowledge on a variety of industry topics.

Throughout her career, Truszczynska has been known for her strategic insight, collaborative approach, enthusiasm, and unwavering commitment to excellence.

Karl Haynes, Managing Director, Wholesale Claims, Tysers, commented on the appointment, “We are extremely pleased that Marlena is joining Tysers’ Marine & Aviation Claims team. Her depth of experience and collaborative spirit make her a perfect fit for a client-first culture and ambitions.

“We look forward to the impact Marlena will make in leading our shipping claims’ strategy, as well as her contribution to the Marine & Aviation Division more broadly.”

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In his new role, Younes will help to drive the development of Tysers’ Property offering within the Reinsurance division.

Younes commented: “I am very excited to join Tysers Dubai, working with Amin and the team to drive strategic growth and development in MENA. My focus will be on creating effective solutions that protect Tysers’ clients, working closely with local and international markets to maximise our market leverage.”

The executive brings nearly a decade of market experience to the firm, having most recently served as Vice President, Guy Carpenter, in Dubai.

During his tenure there, he was a key member of the Non-Energy Facultative team, focusing on Property Engineering and Casualty, covering both Facultative and Retrocession, and developing trusted relationships with insurers in the Middle East.

He also played a major role in large international placements, including accounts in London, Latin America and the Indian sub-continent. Previously, he covered MENA for the RI Broking team in Dubai, focusing on Property and Energy Facultative business.

Amin Basbous, SEO, Tysers Dubai, said: “I am thrilled that Tysers Dubai continues to attract such talented individuals as Younes as we continue to expand our specialty capabilities across MENA.

“Younes is a fantastic addition to the team, he has extensive sector knowledge, an excellent market reputation and a track record of delivering first-class client service.”

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In his new role, Upton will drive the development of Tysers’ London market Facultative Solutions within the Reinsurance Division, strengthening the client offering.

Upton has over two decades of market experience, most recently as Chief Broking Officer at Castel Underwriting Agency. Previously, he led the Hybrid Solutions team at reinsurance broker Guy Carpenter, and was Head of London Facultative at broking group Willis Towers Watson.

Chris Tansley, Chairman of Wholesale Broking, commented on the appointment, “I am extremely pleased that Tysers has secured such a capable individual as Laurence.

“He has a great reputation in the market and a proven track record of driving growth while delivering exceptional client service. Laurence will add a new and exciting dimension to Tysers.”

Upton added, “I am delighted to be joining Tysers as a Director, working with Chris and the team to drive the strategic growth of our Facultative Reinsurance offering.

“My focus will be on creating effective Solutions that protect Tysers’ core clients and maximise our market leverage. I very much look forward to reconnecting with friends and clients alike.”

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Under the agreement, Tysers will take an equity stake in Rönesans, strengthening their relationship and aligning long-term growth ambitions.

Based in Istanbul, Rönesans offers specialised insurance and reinsurance solutions, serving a wide range of clients leveraging their extensive local knowledge and strong international market relationships.

As part of this agreement, Rönesans will act as Tyser’s official representative in Türkiye. Its local expertise and presence will be invaluable in achieving the best solutions for clients.

Tysers will provide Rönesans with access to a broad suite of insurance products and services and leading insurers and reinsurers.

Through their partnership, Tysers and Rönesans will offer clients in Türkiye and Central Europe innovative insurance solutions, placing risks in both local and international insurance and reinsurance markets, including Lloyd’s.

Tom Wilson, CEO Tysers, commented: “This partnership is deeply complimentary and brings together in-depth local market and industry knowledge and global resources to provide innovative risk solutions for clients.

“Tysers and Rönesans share a client-first approach to business which will be at the heart of our plans as we expand our products and services in Türkiye and across Central Europe where we see the potential for strong growth.”

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AUB Group acquired Tysers from Odyssey Investment Partners in September 2022. FY24 was its first full year of ownership, reporting that Tysers contributed AUD 96.8 million to its underlying pre-tax profit.

The Group reported strong revenue and underlying profit growth across all divisions, with its international business revenue increasing by 13.3%, to AUD $465.9 million.

EBIT for the international segment was AUD $109.6 million, a 10.2% growth when compared to FY24, and a substantial uplift in its EBIT margin to 23.5%.

Despite the strong revenue and profit growth, the international division’s EBIT (Earnings Before Interest and Taxes) margin was impacted due to a one-off bonus re-alignment, according to AUB.

The performance metrics reflect Tysers achieving 95% of the maximum revenue during the earn-out period, the Group noted.

Overall, AUB Group delivered a strong financial performance in FY25, with underlying net profit after tax rising 17.1% to AUD 200.2 million.

The company achieved an EBIT margin increase to 34.7%, marking a substantial uplift from the 26.9% margin in FY19.

AUB Group CEO and Managing Director, Michael Emmett, said: “FY25 was a pivotal year for AUB Group, marked by solid financial results, international expansion, and operational progress across all divisions.

“Our ability to deliver results in a complex and evolving environment reflects the depth of talent across our organisation and the strength of our operating model. The Group enters FY26 with a clear focus on disciplined execution, strategic investment, and continued optimisation across the portfolio.

The company’s outlook for FY 2026 for its international business unit will focus on further building out and expanding Tysers and other Specialty capabilities.

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In his new role, Cheok will report to Tim Stokes, Senior Managing Director, P&C. He will be responsible for driving the development of Tysers’ casualty business across the Asia-Pacific region, strengthening the firm’s client offering, and expanding its regional presence.

Cheok brings 20 years of industry experience, with deep expertise in the APAC casualty market.

He joins Tysers from Sompo International, where he served as Asia Pacific Casualty Underwriting Leader. Prior to that, he was Senior Liability Underwriting Manager at QBE Insurance.

Earlier in his career, Cheok held senior roles at Munich Re, Liberty International Underwriters, Aon, and AIG.

Stokes commented, “I am extremely pleased to welcome Desmond to the team in Singapore. His appointment reflects our commitment to harnessing local talent with expert market insight and a client-centric approach. I am very proud that Tysers continues to attract and retain the very best market practitioners to deliver exceptional service and value to our clients.”

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The appointment aligns with AUB’s ambitious European expansion plans, leveraging Tysers’ Lloyd’s market access and strong specialty capabilities.

In his new role, Dr. Baer will lead Tysers’ strategic growth and development across the European Economic Area through organic expansion and targeted Mergers & Acquisitions (M&A).

He is also responsible for external growth (M&A) in Continental Europe with a focus on commercial insurance brokers and MGAs.

Most recently, he spent over three years at Accenture, where he served as Industry Lead for Insurance across Germany, Austria, and Switzerland.

Previously, Dr. Baer held senior leadership roles in claims management, strategy, M&A, and corporate development at ERGO Group (part of Munich Re), where he spent over nine years.

More specifically, at ERGO, he was the MD at Legal Net GmbH (ERGO International Claims Management), Strategy – Corporate Development – M&A at ERGO Switzerland (D.A.S.), and Chief of Staff to a Group Board Member.

Dr. Baer commented, “It’s an exciting time to join Tysers and lead our ambitious growth agenda in the EEA. I look forward to building on Tysers’ Lloyd’s market access and specialty expertise to further strengthen our position in continental Europe.”

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Basbous joined Tysers in a broking role over a decade ago, and has since used his market insight and deep understanding of the Middle East to significantly contribute to the broker’s regional expansion.

Tysers Dubai is located in the Dubai International Financial Centre and is a regional hub handling clients’ insurance and reinsurance needs in the marine, non-marine, financial and professional risks sectors.

He was appointed Director, Marine & Aviation in 2021.

The broker stated that, “Amin’s commitment to client-first service and strong leadership skills are recognised in his new role as SEO to drive our ambitious growth strategy across the region.”

Wilson commented on the appointment, “Since his appointment as Director in 2021, Amin has been a key member of the MENA team and I know he will continue to go from strength to strength as SEO, applying his deep market knowledge, entrepreneurial flair and leadership skills to his new role. I am extremely pleased that we continue to attract and retain such talented and committed employees and that we can recognise and reward them with career progression.”

Basbous added, “Tysers has been committed to serving the MENA region for over xx years, providing clients with specialist expertise and global placement capabilities. I am very excited to have the opportunity to lead such an outstanding, client-focused team as we continue to invest and strengthen our activities across this very important region.”

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The goal of this agreement is for the Credit & Political Risk team to move from Tysers to SRG, bringing their market-leading expertise, strong insurer relationships, and outstanding service track record.

This move follows a strategic review by Tysers of the go forward focus of its business during which SRG was identified as the ideal long-term home for this team and its clients.

Both Tysers and SRG want to ensure their clients that they will continue delivering their “best-in-class servicing”. The companies are collaborating in such a way that all Tysers’ clients will continue to be served by the existing team at Tysers until such time each client agrees to the transition.

Ultimately, agreement is expected to facilitate a smooth transition for clients by transferring all existing policies, ongoing transactions, and claims activity to SRG.

Tom Wilson, CEO of Tysers, stated: “The decision by Tysers to move away from this area of specialism was made easy by SRG’s willingness to accommodate our world class team and their commitment to invest for the future. All clients are in the process of being contacted directly and reassured of our joint effort to provide continuity and minimum disruption.”

Warren Downey, Group CEO of Specialist Risk Group, commented: “This is an exciting step forward for SRG and a further clear demonstration of our ambition to build a home for exceptional specialist talent. John and his team have a first-class reputation in the market, and we are proud to welcome them to SRG.”

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