The Welsh broker will continue to trade under its own name
Global Risk Partners’ (GRP) County Group has bought the business and assets of Cardiff-based broker PG Insurance for an undisclosed sum.
PG Insurance is an independent broker providing commercial insurance products to businesses across Cardiff and the rest of the UK, primarily focusing on property owner’s business. It will continue to trade under its existing brand despite new ownership.
The acquisition, which was designed to extend GRP’s footprint in south Wales, completed on 1 March 2022.
County Group’s chief executive Alastair Christopherson said: “It’s great to begin 2022 with an acquisition and PG Insurance is an excellent and well run local business that will boost our presence in south Wales, which is an important growth area for the group.”
PG Insurance’s founder Graham Tatham added: “We couldn’t be happier to become part of County Group.
”Christopherson and his team quickly understood our business and offered their full support for our future plans.
“We look forward to becoming part of a bigger operation in south Wales. All our people are staying on under new ownership and we are confident that we will make the most of the opportunities emerging in our sector post-pandemic.”
Christopherson said: “On behalf of County Group and GRP, I extend a very warm welcome to Tatham and his PG Insurance team, who will play a key role in supporting our ambitious plans for extending our footprint in south Wales.”