The move supports the broker’s strategy to build its presence in the Midlands
Broker Partners& has bought Nottingham-based commercial lines broker IFM Insurance Brokers, which trades as IFM Select.
IFM Select was founded in 1991. The team specialises in the charity and care sectors and has a growing private client practice.
The transaction aims to support Partners& ambition of growing its footprint in the Midlands.
Speaking on the deal, Phil Barton, Partners& chief executive, said: “Phil Cowell and Sarah Drew have built a great business.
”The value they place on relationships, their focus on providing quality advice and their commitment to professionalism are directly in line with our values.
“Their practices in the charity and care homes sectors augment our specialist areas and I’m pleased to welcome the team to Partners&.”
Phil Cowell, director at IFM Select, added: “We are delighted to be joining Phil Barton and the team at Partners&.
”The move provides us with an exciting opportunity to grow our business with a company that is as committed as we are to ensuring the very highest standards of service for our clients.
“The philosophy of Partners&, building long-term relationships with insurers, clients and staff, for the best possible results, was a compelling reason in the decision taken.”
Partners& is a chartered insurance broker providing insurance, employee benefits, risk management and claims advice to businesses and private clients.