Culllum Capital Ventures (CCV) has bought an 80% stake in Welsh broker Antur Insurance.

The Antur management team will keep the remaining 20%. All staff will be retained.

Swansea-based Antur controls £25m GWP and concentrates on commercial lines business.

CCV chief executive Michael Rea said: “We are naturally delighted to bring a business the size and standing of Antur into the group. Its model fits perfectly with CCV and we will be working together on future acquisitions to support our ambitious growth strategy.”

Antur chairman John Knox said: “We have not been without suitors over recent years, but the ability to maintain our independence was crucial for us and CCV’s proposition stood out in enabling us to do that.”