Manchester broker will transfer to Towergate’s Moscrops operation in Bury

Towergate has purchased Manchester insurance broker Watt UK Insurance Services, trading as S Saunders & Co.

The acquisition was one of two announced by Towergate yesterday, including that of Tunbridge Wells-based Lovat Insurance Brokers.

S Saunders & Co was established in 1933 and acquired by Simon Boyle in 2001.

The small community broker offers both small business and personal products, specialising in commercial insurance for local businesses, including a scheme designed to cover void periods for Housing Association landlords.

The business will transfer to Towergate’s Moscrops broking operation based in Bury, under the local management of Andrew Champion and regional trading director Tony O’Gara.

Both Boyle and his fellow director Richard Pickstock will continue in post.

Towergate group chief executive Mark Hodges said: “Acquiring and integrating businesses remains central to our growth strategy. Buying more of the right specialist firms is one of our key priorities and we are delighted to welcome both Watt UK and Lovat Insurance Brokers into Towergate.”

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