Kentish broker expands to purchase local business

Steve Gamage Invicta

Invicta Insurance Services is to acquire the entire general insurance portfolio of Sevenoaks Insurance Brokers Limited, a nearby independent brokerage based in Sevenoaks, Kent.

The deal will go through on January 1 2013, and all Sevenoaks staff will be joining Invicta.

Invicta Insurance Services managing director Steve Gamage said: “This acquisition comprises high quality general insurance risks with much of the business being local. I am delighted that the staff of Sevenoaks Insurance Brokers will all be joining Invicta to help with the merger and our growth plans.”

Sevenoaks Insurance Brokers managing director Adrian Goodall said: “We have been approached by several companies wanting to buy us but we chose Invicta because it represented the best home for our loyal clients and staff.  I have watched Invicta grow and am impressed with their methods and standards of service. I’m pleased that this merger will provide the residents and businesses of Sevenoaks with a very strong and independent general insurance broker right on their doorstep.”

Invicta Insurance Services chairman Paul Cosh added: “We remain keen to acquire further quality portfolios. Steve and his acquisition team at Invicta would love to hear from other brokers or IFAs interested in selling some or all of their portfolios discreetly, swiftly and at a fair price.”