Folgate is on track to meet its target of £550m gross written premium within three years, after it announced the acquisition of Faversham-based broker Rickard Lazenby & Co.
Rickard Lazenby will become the 19th broker in Folgate's Broker Partnership.
The commercial lines brokerage, which has a premium income of £4m, will retain its staff led by managing director Terry Hodges.
The Rickard Lazenby team will join Folgate's Kent hub - Folgate Risk Solutions - that was formed after the acquisition of Canterbury Insurance Practice and Clarke Cooper.
