The credit insurance arm of Smart & Cook, Credit Insurance Consultants (CIC), has acquired Halifax-based Credit Insurance Brokers (UK) Ltd.

The combined business will have turnover of more than £5m.

Managing director of CIC, Terry Rees, will become managing director of the combined firm, which will operate under the Credit Insurance Brokers (UK) Ltd name.

Rees said: "The expertise of both companies will be an invaluable resource for clients and provide dynamic new opportunities for growth within the fast-moving credit insurance market."

Current Credit Insurance Brokers (UK) Ltd managing director Steve Gorman will join the board of the new company as a director.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.