Oval has acquired specialist London based broker IVML in order to step up its bid to increase its market share of corporate and property business.

London based IVML, specialises in programmes for clients in the commercial property and steel sectors. This acquisition adds further weight to Oval's existing corporate and property client base with a number of high profile clients.

Howard Pepper, Deputy Managing Director of Oval Insurance Broking Limited, said: “This is a very exciting time for our corporate side. IVML can help us continue to expand in the commercial property and corporate area as well as developing the London market.