Lloyd’s broker will use shareholder investment for acquisitions

Colin Bird Besso

Lloyd’s broker Besso Insurance Group has secured £5m additional investment capital from shareholders to expand into new markets and to fund acquisitions.

In a statement, Besso said the investment follows its recent restructuring of the group and its management team together with a significant reduction in the group’s debt.

Besso chairman Colin Bird said: “We are pleased to have raised this initial funding and have a number of targets in which we are interested.

“Our business has been restructured and has a strong, robust platform on which we can now build our future.”