Yorkshire-based broker network Smart and Cook is poised to hit the acquisition trail again after confirming it is in talks with at least four commercial brokerages.
Smart and Cook has been helped in its quest by Royal & Sunalliance, which bought 17% of its shares last October. Paul Meeham, Smart and Cook managing director, said: “We are looking to acquire mature commercial insurance broking businesses and are currently talking to four or five broking teams.”
Meeham said Smart and Cook's link with RSA had provided it with a “fair degree of cash” but it had yet to spend very much of this.
