Oval has acquired Leicester-based broker Williams & Williams.
Williams & Williams, Oval's eighth acquisition, is a general insurance broking, risk management and independent financial advisory business with several thousand corporate and individual clients.
Its insurance broking business, which is 75% commercial lines, currently commands an annual gross written premium of £20m, and its IFA business has a turnover approaching £1m. The company has approximately 60 employees.
Managing director Mark Williams said: "We'd been keeping an eye on Oval ever since they bought Bland Bankart in Leicester, and we approached them earlier this year.
"The supply chain in our industry has changed beyond all recognition in recent years and we realised we needed to be part of something larger to make the most of our technical capabilities."
The Williams & Williams business will move to Oval's existing premises in Leicester in January 2006, and will be rebranded as Oval at the same time.
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