BEAM Insurance Solutions has acquired KDH Insurance Brokers, further strengthening its presence in the Midlands as it targets £22 million in gross written premiums (GWP) by the end of the year.
Financial terms of the acquisition were not disclosed.
KDH Insurance, based in Bridgnorth, Shropshire, manages £4 million in GWP and has operated for 19 years. The commercial lines broker, which also has a private clients division, will retain its six staff members and continue operating from its existing premises. The acquisition increases BEAM’s total controlled GWP to £20 million.
The deal is the latest in BEAM’s expansion strategy, backed by The Broker Investment Group (TBIG), which took a majority stake in the firm in August 2024. TBIG is supporting BEAM’s growth through acquisition sourcing, due diligence and joint funding as it builds a regional network of independent brokers.
BEAM previously acquired Andrew Phillips Insurance Brokers Ltd (AP Insurance Brokers) and Julie Price & Co Ltd, with further acquisitions in the pipeline. The firm now operates from four locations across the Midlands, specialising in insurance solutions for construction, property, manufacturing, engineering, accountancy and medical malpractice sectors.
Dave Clapp, CEO of The Broker Investment Group, described the acquisition as a significant step in BEAM’s expansion.
“This acquisition strengthens BEAM’s presence in the Midlands and expands the TBIG footprint as they continue to grow their GWP through both organic growth and acquisitions,” he said. “I see no reason why BEAM Insurance can’t reach £25 million GWP by 2027 and continue their strong growth in the region.”
Meanwhile, Steve Faulkner (pictured above), managing director of BEAM, highlighted the strategic value of the acquisition, noting that the deal further solidifies its presence in the Midlands. Faulkner became managing director after Dave Johnston became chair of BEAM’s parent company, JPM Group, in August 2024.
“With our continued backing from TBIG, BEAM is positioning itself as a key player in the Midlands insurance market, with further acquisitions expected as part of its long-term growth strategy,” he said.
