DOXA has signed the Eaton Gate Group, one of the largest independent managing general underwriters (MGUs) in the U.K. mid-market commercial insurance sector. The deal marks DOXA’s first acquisition outside the United States and advances the company’s international expansion strategy.
About the Deal
The signing reflects DOXA’s continued use of mergers and acquisitions as a core growth strategy in 2026. Howden Capital Markets & Advisory served as the exclusive financial advisor to DOXA on the transaction.
“Eaton Gate reflects exactly what we look for at DOXA — high-quality underwriting businesses with strong leadership, deep industry expertise and teams that align with how we build for the long term,” said Matt Sackett, CEO of DOXA. “This expansion into the U.K. will give us a platform for additional mergers and acquisitions focused on the region and beyond.”
About Eaton Gate
Founded in 2016, Eaton Gate is led by its founder-management team and holds underwriting authority from a panel of AM Best-rated A- global insurers. The company serves more than 50,000 businesses and homeowners, specializing in U.K. small to medium-sized enterprise (SME) commercial insurance and mid- and high-net-worth insurance products. Eaton Gate has established itself as the largest independent commercial MGU in the U.K.
Jonathan Matthews, co-founder and CEO of Eaton Gate, will continue to lead the organization with strategic support from the DOXA team.
“This transaction delivers resources, financing and support as we continue to build Eaton Gate, and allows us to prioritize first class broker service and profitable underwriting,” Matthews said. “We are very much open for business and are excited to share our enhanced offering with our trading partners, as well as with current and future colleagues.”
Key Facts
- Eaton Gate is DOXA’s first U.K. acquisition.
- DOXA is backed by Goldman Sachs Alternatives.
- Eaton Gate serves more than 50,000 businesses and homeowners.
- Eaton Gate was founded in 2016 and operates in the U.K. SME and mid- and high-net-worth insurance markets.
- Jonathan Matthews will remain CEO of Eaton Gate following the acquisition.
ABOUT DOXA
DOXA is an award-winning specialty insurance platform that acquires and grows niche-market-focused insurance program administrators, underwriting and program distribution companies, including MGAs, MGUs, brokers, and direct-to-consumer operators. DOXA was built to create a community of excellence where MGAs and MGUs partner with each other, carriers, and agents to find exceptional solutions for diverse business risks. By combining deep vertical knowledge, operational agility, and human integrity, DOXA creates collective excellence across the specialty insurance ecosystem to fuel the exceptional. For information, visit www.DOXA.com.
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