The Folgate Partnership has completed its 22nd acquisition in the last 15 months with the purchase of Buckinghamshire-based insurer Peter Hill Insurance Group.

Under the deal Folgate will net Peter Hill Insurance Group's £14m of annual commercial premiums.

The business will join Folgate's existing Milton Keynes "hub" - including Bervale Mead, Seymour Pope and DPR - boosting its level of premiums in the region to £53m.

Peter Hill Group managing director John Meadows will join Folgate's local senior management team, and Peter Hill Group staff will be retained.

Andy Homer, chief executive of the Folgate Partnership, said: "We are delighted to have acquired another quality broker in Milton Keynes. The Peter Hill Group will provide us with a centre of excellence for credit indemnity insurance, as well as strengthening our regional presence.

"The combined teams of Bervale Mead, DPR, Seymour Pope and Peter Hill will make a formidable combination, and I am confident that the business will grow rapidly, both through focused sales and marketing, and further acquisition."

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