Cardiff broker looks to China and Russia
Cardiff broker Protectagroup wants to expand in China, Russia and the US and expects turnover to reach £22m next year, the Western Mail reports.
The firm is in the final stage of a £150,000 computer link-up of the former Hodge insurance brokers, Culver insurance brokers and Towergate Risk Services business with the parent company Protectagroup.
Once completed it will create what it describes as the “biggest corporate broking and risk management company in Wales”.
Best-known names in Wales
Headed by John Powell, who ran Culver Insurance for 14 years said: “Being able to bring all four businesses together with the merging of the individual computer systems is going to make a huge difference to our company.
“It will be the final piece in the acquisition jigsaw that began 18 months ago and has seen the uniting of four of the best-known names in the industry in Wales.
“It will also leave us well-placed to seek further acquisitions going forward and increase staff numbers as our client base continues to grow.
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