Beaumonts Insurance Brokers is offering financial support to start-up brokers, after backing its first company, VCB Insurance.

Yorkshire-based Beaumonts has bought shares in VCB and is providing accommodation for the company in its own offices.

Martin Sykes, managing director of Beaumonts, said he welcomed other brokers wanting to break away from employment and form their own business.

“The type of people we are looking for are probably already on a collision course with their employer – particularly with all the change of ownership that is going on.

“But there are ways and means to make things amicable when departure is inevitable”

Recently-launched VCB will be headed by Ian Vinall, Rob Campey and Andrew Brown and will deal largely with commercial clients.

Sykes said: “VCB is not an experiment, it makes absolute sense for us to back this team and we would love to back more, wherever they are in the UK.”

He declined to comment on the level of financial support provided to VCB.

Sykes added: “They have similar backgrounds to us, having had many years with nationals and some experi-ence with an independent.

“The opportunities in front of them are very exciting”.