Alchemy Technology Services acquires r10 Consulting, strengthening its position in the insurance sector

This strategic partnership marks a significant milestone for both organisations as they join forces to expand their capabilities and commitment to serving the insurance sector.

The two firms have maintained a productive partnership since 2018, and this substantial investment underscores r10’s significant contribution.

This strategic move will empower Alchemy and its business partners to offer a comprehensive service package to the thriving London Market and the broader insurance sector. The acquisition reinforces both companies’ commitment to enhancing the insurance industry’s landscape, aiming to unlock new opportunities, stimulate innovation, and facilitate mutual growth and success.

John Harkin, CEO of Alchemy Technology Services, says: “This strategic decision enhances Alchemy’s presence in the London Market and strengthens our ability to provide comprehensive services to our clients. With our shared synergies and history of collaboration, this acquisition perfectly aligns with our mission to deliver exceptional value to our clients.”

Amechi Peirce-Howe, r10’s CEO, echoed the sentiment, emphasising the positive impact of the move: “Alchemy has long been our partner, sharing our people-first strategy. Joining forces opens substantial opportunities for innovation and global expansion. In this evolving landscape with Blueprint Two and the specialty market, this deal positions r10 to support clients’ digital transformation.”

Alchemy and r10’s collaboration will enhance solutions and services, fostering innovation and mutual growth in the insurance sector. It underscores Alchemy’s commitment to delivering top-tier IT services tailored to the industry’s unique needs.