NFU Mutual, the UK's largest rural insurer, has bought five new insurance brokerages.
The largest broker, Findlay Littler & Associates, is based in Sutton Coldfield, Birmingham and concentrates on commercial insurance business.
The others are: Spectrum Commercial Line, also in Sutton Coldfield; Lloyd Edwards in Stafford: Barnett Rawlinson & Bentley in Stoke-on-Trent; and Spencer Meakin & Newbroad in Bolton.
These latest transactions together control a premium income of more than £22m and bring the total number of outlets throughout the UK to 22.
Neil McKenzie, NFU Mutual assistant general manager, said: “Over the last 18 months we have made significant progress in our plans to provide insurance services by acquiring insurance brokerages. The acquisitions mean we now have a wider network of intermediaries offering our own insurance products and those of our partner insurers.”
He added: “These acquisitions will take us further forward in our plans to not only deliver our services to a broader market, but to offer alternative options as well, making us both an insurance provider and retailer.”
Matthew Findlay of Findlay Littler said: “The NFU Mutual brand will enhance the products and services we can offer.”
NFU Mutual has assets under management of more than £8bn.
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.
