PSC Insurance Group Limited (ASX:PSI) entered into an agreement to acquire Trust Insurance Services Limited for approximately £15.6 million on March 3, 2021. Under the terms of agreement, the consideration is payable in three tranches, £10.86 million payable upon completion in the form of £7.8 million in cash and £3.1 million in PSC ordinary shares and £2.33 million payable in cash on first year and second year of completion respectively, final tranche will be subject to an upward or downward adjustment based on the difference between actual year 2 EBITDA and the estimated EBITDA figure at completion. In a related transaction, PSC Insurance Group Limited agreed to acquire Abaco Insurance Brokers Ltd for £21 million. The acquisitions will be funded from existing cash resources of PSC Insurance. The transaction is subject upon approvals by the UK Financial Conduct Authority. PSC Insurance Group Limited (ASX:PSIan ) completed the acquisition of Trust Insurance Services Limited on April 1, 2021. PSC Insurance Group announce that FCA change of control approval has been received for Trust Insurance Services Ltd on March 26, 2021 and completion occurred overnight in the UK.. As part of the completion, 1.7 million shares have been issued to the Trust Insurance.