Six purchases in the pipeline and appetite for more
Bluefin has confirmed its ambitious acquisition plans for the next three years.
The AXA owned broker said today that it has six acquisitions in the pipeline and the appetite for many more in the coming months.
Bluefin, which has branches in over fifty locations, made two acquisitions in 2009 - Lakeland Insurance Brokers and Lakeland Insurance Advisers – said it believed the current economic climate is likely to yield further good prospects.
Darryl Druckman, Bluefin Insurance Services director of operations, said: “Although we have branches throughout the UK delivering a truly personal service to local clients, there are still a number of geographical areas where stronger representation is desirable – for instance the south west, Wales, east midlands and northern Scotland - so we’re very interested in brokers there who may be thinking of selling up.
“Additionally, we have a number of real specialisms within the group and where we find a broker with a complementary book of business, we’d definitely like to talk them.”
Druckman said that the financial security provided by AXA’s ownership of Bluefin would be “very appealing” to other brokers.
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