Cullum Capital Ventures is another step closer to reach-ing its 2007 target of controlling £100m of gross written premium (GWP), following its latest acquisition of Liverpool–based Ajax Insurance Brokers.
With a GWP of £3m, Ajax Insurance Brokers is CCV’s 14th acquisition, taking the company to over £70m in annual premiums.
CCV chief executive Tim Johnson said: “Ajax has an excellent trading history and a long established client base in the North West.”
David Bunting, managing director of Ajax, added: “We considered a number of potential homes for our business and felt that CCV was ideal for our customers, staff and equally import-antly for the ongoing devel-opment of the company.”
In June, CCV surpassed its launch aim of controlling £50m GWP, having made12 acquisitions totalling £65m.
CCV was launched in April 2006 to acquire small and medium sized regional brokers with between £3m to £10m GWP.
It offers a bespoke service of investment and shareholding with the brokers maintaining their autonomy.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
