Steve Wynne will continue as chief executive

ISIS Equity Partners has purchased a minority stake in broker Kingsbridge Risk Solutions Ltd.

The broker says the investment will help the business to grow in the UK and overseas.

All offices and staff will remain the same, while Steve Wynne will continue as chief executive.

Wynne said: “This investment will enable us to develop and grow our business over the next few years, cementing our position as a leading independent insurance broker.

“We are looking to build on our niche position in the UK corporate insurance market, and develop more products and services for our thriving Kingsbridge Professional Solutions brand, which caters to freelancers. We are also looking to accelerate growth across all our businesses – both here and overseas.”

Under the terms of the deal, which was completed on 10 January, the broker says its relationship with clients, insurers and partners will remain unaltered as there will be no changes to the business.