Erinaceous Insurance Services has strengthened its position as one of the UK's largest property brokers by acquiring Lumley Holdings.
The deal, worth £12m, will see the property insurance services division of Erinaceous Group take control of the Lumley group of companies, which has an annual gross written premium of £16m.
This includes Lumley Letsure, a major provider of specialist insurance products such as tenants' contents insurance and landlords' buildings.
Andy Halstead, managing director of Erinaceous Insurance Services, said: “This acquisition strengthens our number one position in this market and will allow us to be even more effective in delivering a wider range of high quality, leading edge solutions to our customers.”
