’This was a natural acquisition for both parties,’ says chief executive

Seventeen Group has continued its 2024 acquisition spree by snapping up insurance broker Jannard Quadrant.

Based in Watford, the broker manages commercial insurance policies for general business and specialists.

This includes electrical contractors, hotels and hoteliers, shops, offices and retailers.

It is the third acquisition Seventeen has made this year – it has also snapped up Keith Miller Services and the book of business relating to Hendricks Insurance.

Seventeen said Jannard Quadrant had a total gross written premium (GWP) of £3.5m and were “strong supporters” of Touchstone Underwriting, the group’s MGA subsidiary.

Paul Anscombe, Seventeen chief executive, added that “the focus on ‘top end’ hotels also fits incredibly well with James Hallam’s specialism in the hotel sector”.

James Hallam is the group’s broking subsidiary.

’Natural acquisition’

As part of the deal, Jannard Quadrant owners Stephen Sweden and Geoff Callaway will remain and eventually move into Seventeen’s existing Watford office, along with the wider team.

“I am delighted to welcome the team on board,” Anscombe said.

“This was a natural acquisition for both parties. We have known the Jannard Quadrant team for many years, we are both based in Watford and there is an excellent trading relationship with Touchstone.”