Javascript is vital for the advanced features in this website such as Property Search. Please enable or upgrade your browser
Back Posted on: 19 September 2023
Alchemy announces its strategic acquisition of r10 Consulting, a London-based management consultancy focused on helping the global insurance market embrace change through business and technology transformation. Since 2012, r10 has envisioned a better future for the insurance industry and strives to help clients welcome future challenges and maximize long-term potential. r10 provides consulting services focusing on growth, operations, and technology, including business strategy, technology investments, change management, and capabilities enhancement.

This acquisition marks a significant milestone for both companies as they join forces to enhance their capabilities and commitment to serving the insurance sector. Alchemy Technology Services, with its focus on delivering tailored IT solutions, recognises the value of incorporating r10 Consulting’s expertise into its portfolio.

Alchemy and r10 have worked in partnership since 2018. This significant investment underscores the exceptional value that r10 brings. It enables Alchemy and its business partners to offer a more complete service to the thriving London Market and the wider insurance sector. With this acquisition, Alchemy and r10 further strengthen their dedication to enhancing the insurance industry’s landscape and aim to unlock new opportunities and drive innovation while fostering mutual growth and success. John Harkin, CEO of Alchemy Technology Services, shared his enthusiasm for the mutually beneficial implications of the acquisition: "We are thrilled to announce the acquisition of r10, a key player in the London Market. This strategic decision reinforces Alchemy's presence in the London Market and bolsters our ability to offer comprehensive services to our clients. With our shared synergies and history of collaboration, this acquisition perfectly aligns with our mission to provide exceptional value to our clients."

Amechi Peirce-Howe, CEO of r10, echoed his excitement about this strategic move: "Alchemy has been a longstanding partner of r10, sharing our people-first strategy and ethos. Joining forces with Alchemy represents an incredibly positive step for r10's clients, team, and partners. This acquisition opens substantial opportunities for the combined group to develop innovative solutions and explore new global markets. In a rapidly evolving landscape with Blueprint Two and the wider specialty market, this deal positions r10 perfectly to support our clients on their digital transformation journey."

By combining their resources, Alchemy and r10 are well-positioned to deliver enhanced solutions and services, driving innovation and mutual growth in the insurance sector. This strategic move underscores Alchemy's commitment to providing top-tier IT services tailored to the insurance industry's unique needs.