Woodstock Insurance Brokers has acquired Alder Broker Group's (ABG) general insurance book.
The deal will add £1.54m in premium income to Woodstock's accounts - increasing its total gross premiums to £5m from a total of 14,000 customers.
The Kent-based broker also sounded a warning over future broker consolidation in the run-up to statutory regulation in 2005.
Managing director Tony Simper warned that the number of selling brokers will outstrip those with, "serious purchasing capability in the market in 2004".
Simper said: "We expect this year will continue to be a good year for acquisitions and are seeking further books, but as regulation draws nearer the price must start falling."
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.
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.
