Manchester-based digital managing general agent (MGA) Ripe has entered the holiday homes insurance market with its acquisition of specialist insurer Schofields Limited.
The move, Ripe’s third acquisition in its strategic growth plan, brings 10,000 policyholders into its leisure insurance portfolio, according to InsurTech Digital.
Founded in 1984, Schofields has been a family-run business based in Bolton, providing insurance for holiday properties both in the UK and abroad. The company has earned recognition for its service, receiving a Gold Trusted Service Award from Feefo in 2025.
Keith Schofield, who founded the company and remains a majority shareholder, said the deal would prepare Schofields for its next chapter.
“After 40 years we believe Ripe are the right stewards to take Schofields forwards,” he said. “This partnership combines our trusted specialist approach with Ripe’s innovative technology and digital capabilities, creating exciting opportunities for new and existing customers.”
Jonathan and Philip Schofield, who have led the business for the past two decades, will continue in their roles, with Keith Schofield acting as a consultant during the transition.
Ripe, which already provides leisure insurance covering motorhomes, caravans, park homes, golf, and boats, says it will use the acquisition to expand its technology and marketing capabilities.
“This deal is another exciting new chapter for Ripe as we enter the holiday homes insurance market,” said Ripe CEO Alan Thomas. “Schofields has built an exceptional reputation over four decades, and we’re pleased to welcome their team and policyholders to the Ripe family.”
He added, “We will use our technology and marketing expertise to further drive Schofields’ growth while maintaining the exceptional customer service that has established their reputation as a trusted and successful provider.”
The transaction remains subject to regulatory approval and standard closing conditions. EY provided legal and tax advice to Ripe, while K3 Capital Group advised Schofields on corporate finance and legal matters.
With this deal, Ripe strengthens its presence in specialist leisure insurance markets and continues to pursue a strategy of targeted acquisitions.
