Saffron completed its first acquisition under Broker Network on Friday. It has now completed its second
Saffron Insurance has completed the acquisition of Continuum Insurance Brokers.
It is the Essex-based broker’s second acquisition since partnering Broker Network in January 2018 and comes just three days after completing its first.
On Friday 9 March, Saffron completed the purchase of Grove Financial Management Ltd.
Continuum was established in 1966 and focuses heavily on business insurance. All 15 employees including the three directors; Bernard Murphy, Neil Brady and Clive Mann will remain working from their current office.
David Beswick, Saffron’s managing director, said: “I’m delighted to be announcing this so soon after the acquisition of Grove Financial Management Ltd. We’ve got to know Bernard Murphy and his senior team well now and I have the highest regard for what they have achieved.
“We look to work with brokers that have natural synergies with Saffron Insurance as well as complementing our existing client base and product offering. Continuum also sees our footprint expand further across the East of England as part of our plans for growth. We are delighted to welcome them into the business.”