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Back Posted on: 11 March 2024

Alchemy Technology Services acquires r10 Consulting and unveils Alchemy London Market Brand at new Lloyd’s of London base

Alchemy Technology Services, a leading provider of technology and consulting services to the insurance sector, has bought London management consultancy firm r10 Consulting for an undisclosed sum.

 Under the deal, r10 Consulting will rebrand as Alchemy London Market and moved into a new base in the Lloyd’s of London building from where it will be able to offer a more comprehensive suite of services to the insurance sector. Alchemy said the acquisition will create a number of synergies for the business, including an expanded service portfolio, access to broader markets and the ability to leverage combined technological solutions.

 Alchemy Technology Services was founded in 2018 and has since grown to become a key provider of technology and consulting services to the global insurance sector. Headquartered in Northern Ireland, it employs more than 200 people.

 Alchemy London Market, previously known as r10 Consulting, provides consulting services which focus on growth, operations, and technology – for leading (re)insurers, syndicates, brokers, MGAs, insurtechs, and service and software providers.

 Prior to the acquisition, the two companies have been working alongside each other since 2018 to bring innovative solutions to the ever-evolving landscape of the insurance industry, united by a shared ethos and people first strategy.

 Alchemy said the Alchemy London Market office embodies the company's dedication to being at the forefront of the insurance sector.  Lloyd’s, known for its pivotal role in the global insurance and reinsurance market, offers a unique environment that fosters innovation, collaboration, and connectivity.

 Amechi Pierce Howe, Head of Global Speciality, Alchemy London Market, said: "This is a transformative time as we embrace our new identity as Alchemy London Market. The rebranding of r10 Consulting symbolises our integrated approach and commitment to providing innovative solutions to the London insurance market. Our presence at Lloyd’s is not just about a change of address; it’s a reflection of our ambition to be closer to the heart of the insurance industry, where we can directly contribute to and shape its future.”

 By integrating the talented teams from both organisations, Alchemy London Market said it is poised to deliver even greater insights, drive innovation, and offer a more comprehensive suite of services to the insurance sector.

 John Harkin, CEO, comments on the significance of the new London office:

"Opening an office at Lloyd's of London is a major milestone for us. It's a testament to our growth, the hard work of our team, and our unwavering ambition to make a lasting impact on the insurance industry. Lloyd’s has long been a symbol of global excellence, and being part of this vibrant ecosystem allows us to contribute to and benefit from the dynamism and innovation that define the London Market."

Alchemy Technology Services, now including Alchemy London Market, said it is excited to embark on this new chapter, further solidifying its position as a trusted partner in the insurance industry. The company looks forward to leveraging the opportunities that the Lloyd’s of London location and the rebranding offer, driving forward with innovation, growth, and an unwavering commitment to client success.

About Alchemy

Alchemy Technology Services is a global provider of technology and consulting services specialised in the insurance sector. With a focus on innovation and excellence, Alchemy delivers comprehensive solutions that drive efficiency, growth, and competitive advantage for its clients.

About Alchemy London Market

Alchemy London Market, formerly known as r10 Consulting, is part of Alchemy Technology Services. With a mission to embrace change and welcome future challenges through innovative thinking and the right technology in the insurance industry, Alchemy London Market offers consulting services through business and technology transformation.

Media Contacts:

Georgina Christou – Marketing Operations Executive, Alchemy London Market |

 Roisin Clifford – Marketing Strategy Executive, Alchemy Technology Services |