Brown & Brown (Europe) has acquired Irvine Business Insurance coverage Brokers, a Kenilworth, UK-based firm identified for its specialised insurance coverage broking providers to native small and medium-sized enterprises (SMEs).
The monetary phrases of the deal haven’t been disclosed, and the acquisition has obtained the required regulatory approvals.
Irvine was based within the early 2000s by administrators John Townsley and Matthew Finch.
It presents insurance coverage merchandise together with motor fleet, industrial mixed, mixed legal responsibility and contractors all dangers throughout the Midlands area.
Commenting on the deal, Townsley mentioned: “We’re excited to affix forces with Brown & Brown Retail Lutterworth, which can permit us to leverage the group’s intensive assets and capabilities, enabling us to offer even larger worth to our prospects whereas sustaining our dedication to personalised service.”
Finch added: “Becoming a member of the Brown & Brown staff marks a big milestone for our firm. We stay up for the alternatives that lie forward, which can profit each our prospects and our devoted staff.”
Townsley and Finch, together with their employees, will proceed their operations from the present Kenilworth location.
They are going to report back to James Birrell, regional managing director at Brown & Brown Europe.
Birrell acknowledged: “We’re delighted to welcome John, Matthew and their staff to Brown & Brown. Their specialisation and robust buyer relationships align completely with our values. This acquisition strengthens our presence within the Midlands and reinforces our dedication to serving the insurance coverage wants of SMEs within the area.”
With a historical past relationship again to 1939, Brown & Brown is an insurance coverage brokerage with a world community of greater than 500 places and employs greater than 17,000.
Earlier this 12 months, Brown & Brown appointed Stephen P. Hearn as the corporate’s new government vice-president and chief working officer.
