Target company RK Shipman to rebrand

Pensions Insight

Newly-formed broker Paul Baker Insurance Services has bought specialist park home insurance broker RK Shipman for an undisclosed sum.

Paul Baker Insurance Services was launched by managing director Paul Baker in December 2015 as a park and leisure home broker.

Its acquisition of RK Shipman will allow it to create a larger, dedicated park home team with offices in Cheltenham and Exeter.

RK Shipman’s management team, led by managing director Peter Ellis, will stay with the company, and it will rebrand under its new parent’s name.

Baker said: “I am delighted to be working with Peter and his experienced park home insurance team, who share our values of supporting the park home community and offering superb service to park home residents.

“Together we provide insurance for nearly 4,000 park home residents and have exciting growth plans to develop the business further.”

Ellis added: “I have known Paul for many years. He has an excellent reputation in the park home industry and I wanted to make sure that we joined a company who would continue to look after our park home customers.

“I know with Paul they are in safe hands and will continue to benefit from excellent insurance cover and service.”