The independent and family-owned insurance brokerage Verlingue has today revealed its acquisition of Gloucester-based Brunsdon Employee Benefits – an independently owned employee benefits specialist.
In a Press release, Verlingue highlighted that the deal, which is subject to regulatory approval, bolsters its recent expansion in the Midlands and Southwest and strengthens its employee benefits capabilities in the SME and mid-corporate market. The move also aligns with Verlingue Group’s 2024 strategic plan to create a major European, family-owned, independent insurance brokerage.
Under the terms of the deal, the whole team at Brunsdon Employee Benefits will join Verlingue with current MD Seb Merritt (pictured left) taking on the role of head of employee benefits, reporting to CEO Mike Latham (pictured right). Meanwhile, Mark Pugh, who is currently head of employee benefits, will take on new responsibilities involving the expansion and delivery of Verlingue’s multinational, major client and partnership propositions.
The acquisition of Brunsdon Employee Benefits closely follows the establishment of a new general insurance office in Birmingham covering the Midlands and South West.
Commenting on the deal, CEO Latham said: “This is an exciting acquisition for Verlingue which not only expands our footprint in the employee benefits market but builds on our recent expansion as a group in the Midlands and South West. Our strategy is to continue to grow our employee benefits operation.”
Seb Merritt also commented on the acquisition, adding: “The whole of the Brunsdon Employee Benefits team are excited about joining forces with Verlingue as we truly believe that our improved scale and service capabilities will benefit our clients and colleagues immensely”.
