Brown & Brown (Europe) Limited has today announced its acquisition of 100% of the share capital of HoldCo NHL Ltd, the holding company of Nsure Ltd. The deal has received regulatory approval, and the consideration is undisclosed.
A specialist commercial Chartered insurance broker based in Worthing, West Sussex, Nsure boasts strong expertise in renewables. In a Press release, Brown & Brown noted that the acquired business will become part of its South East retail broker, Greens, under the leadership of Duncan Coleman.
Meanwhile, Nsure’s MD Phil Bristow and his broking team will continue to operate in their Worthing office under the existing brand.
Commenting on the deal, Coleman said it brings significant expertise in the fast-growing renewables sector in addition to a highly experienced team.
“Phil [Bristow] has overseen the creation of an exceptional business with a great reputation for customer servicing and a strong presence along the South Coast,” he said. “It’s great news that they have agreed to become part of Brown & Brown, and I want to extend a warm welcome to the Nsure team; I look forward to supporting them as they embark on the next stage of their development.”
Bristow also discussed the acquisition hailing the opportunity to become part of Brown & Brown as “too good to miss”.
“I’m confident that we will go from strength to strength during the next phase for the benefit of our people and our customers,” he said. “The ‘forever company’ ethos that Brown & Brown encourages was a key element in our decision, and I am excited about our future as part of the bigger group.”
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