The acquisitions will boost GWP by £2m
Green Insurance Group has bought Sussex-based T&L Insurance Services and Mayman Financial Services.
T&L and Mayman are the first brokers acquired by Green since it received financial backing from the Peter Cullum-backed investment vehicle Minority Venture Partners (MVP) in January.
Broker Green said T&L and Mayman’s client profile and staff expertise complemented its existing operation and would add around £2m to its gross written premium (GWP) in the next 12 months.
Green Chairman Clive Galbraith said: “We are delighted that both brokers chose to join Green Insurance Group.
“Selling the business you have worked so hard to build is a big decision and it is vital to ensure that staff and clients will be looked after by a like-minded independent broker. We welcome Des Tobin and his staff from T&L and our new colleagues from Mayman who have already joined us.”
Green managing director Duncan Coleman added: “These are great SME and personal lines brokers, typical of those that we have been acquiring for the last 15 years.”
Green Insurance Group has not ruled out more acquisitions.
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