Layton Blackham has acquired brokers Severn Valley Insurance Group for an undisclosed sum.

This is the third acquisition the group has made this year and its 13th in the last three years as part of its Quantum Leap initiative to become the number one regional broker in the UK.

Severn Valley has 29 staff and a fee and commission income of about £3.6m.

The broker will continue to trade from its chain of offices in Welshpool, Oswestry and Newton in the Welsh borders.

Severn Valley managing director Patrick Lewis said the move would allow them to develop their existing schemes' business as well as new affinity group ideas using paper-free workflows and internet communications.