The R3 Group has acquired Witney based broker Harrison Beaumont.

The acquisition brings the total R3 Group staff to 60, controlling an annualised gross premium in excess of £15m.

An R3 statement said: "The acquisition supports the R3: Group strategy of developing a network of companies that are able to offer a mixture of consultancy and service solutions to the affinity and insurer market place across insurance and consumer goods."

R3 operates as a wholesale broker, providing an umbrella for 1000 intermediaries and as an overflow capability for mainstream schemes and affinities seeking to provide cover for non-standard risks.

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