Brunel Professional Risks has announced its acquisition of fellow professional indemnity insurance broker Pinsure.
Russell Lane, managing director of Brunel, said the deal fits evenly with the broker’s strategy of making the right acquisitions while also strengthening the firm’s buying power with insurers.
“It is a complementary deal, playing to both of our strengths and will add even more value across the group,” Lane said. “This transaction underlines our confidence in our business and our determination to grow as a strategically central component of Brunel.”
Based in West Sussex, Pinsure was established in 2004 as a specialist professional indemnity insurance broker.
For Pinsure, getting Brunel’s involvement will complement its clients and brokers, according to the firm’s managing director Russel Lane.
“It is a great opportunity to work with Brunel as they are a breath of fresh air in the industry. They are not one of the fastest growing PI Brokers by accident,” he said. “I believe that their success is driven by their ability to provide their clients with an excellent service, and comprehensive cover.”
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