Penzance-based Web Shaw Limited, which trades as “Jacksons,” has been snapped up by Global Risk Partners’ (GRP) South West hub Higos Insurance for an undisclosed sum.
Under the deal, Jacksons owners Steve Moses, Ian Eccles, and David Hosken, along with the broker’s entire workforce, will stay and continue to operate from its site in Cornwall. The company’s branding will also be retained.
“Cornwall is a unique place to do business, and it was important for us that we could partner with a team that understands this,” said Moses, who will be Jacksons managing director under the new ownership. “I am confident that we will be able to flourish with the support of Matt [Hartigan] and the team at Higos.
“Matt made it clear to us during our discussions how much he values our local focus, and as Higos is the leading retail broker for the South West, the deal is a natural fit in terms of our values and aspirations to take the business to a new level of success in this part of the world.”
Hartigan, the MD at Higos, described the acquired firm as a high-quality, well-managed local independent broker that is “just the sort of business” they are keen to work with.
He commented: “It has a long-established track record of success with a great roster of clients for both commercial and personal lines business, and the deal will add considerably to our footprint in Cornwall.
“Steve, Ian, David, and all the team are assured of a very warm welcome from all of us at Higos, and we have high expectations of further building their profile throughout the county.”
Jacksons has been in operation since 1923.
