Planned integration comes after acquisition by James Hallam-parent, Seventeen Group
James Hallam insurance brokers, part of Seventeen Group, is to integrate Essex-based broker Graybrook Insurance into its business.
This is after Seventeen Group acquired Graybrook, a specialist medical malpractice and professional indemnity broker focusing on schemes for clinical organisations and associations.
As part of James Hallam is a specialist team within the healthcare sector, ‘Pro Med’, headed by Charly Winder.
Graybrook and ProMed will integrate with hopes of creating a leading medical sector insurance team within the UK and international market.
Graybrook was founded in 1972 by founder Bill Hulse. Speaking on the deal, Hulse said: “Joining forces with James Hallam was a natural step for Graybrook given the many similarities between the two organisations.
“We care passionately about our clients and are now able to offer a broader range of services as part of James Hallam and Seventeen Group.
“All of my team will remain with the business and we look forward to working with ProMed and the wider James Hallam team in the coming years.”
Seventeen Group is a privately owned insurance group which includes James Hallam insurance brokers, Touchstone Underwriting and 4Sight Risk Management. It’s chief executive is Paul Anscombe, who commented on the deal saying: “We are delighted to welcome Graybrook into our Group.
“It is rare to see the level of knowledge and care that Bill and the team have achieved and the acquisition gives us a wonderful opportunity to bring together two highly experienced medical malpractice teams under one roof.”
Seventeen Group was supported by specialist lender Beechbrook Capital in the acquisition.
Tim Johnston, investor director at Beechbrook said: “We have thoroughly enjoyed working with Seventeen Group and we are delighted to be the new funding partner for this market-leading business.
“We very much look forward to supporting the group with its further growth plans over the coming years.”
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