Seventeen Group has acquired Jannard Quadrant Insurance Brokers, bringing in £3.5 million in gross written premium to the group.
Lifting the lid on Seventeen Group’s third acquisition of the year, chief executive Paul Anscombe (pictured) said: “This was a natural acquisition for both parties.
“We have known the Jannard Quadrant team for many years, we are both based in Watford, and there is an excellent trading relationship with Touchstone.”
Anscombe was referring to Seventeen Group’s managing general agent subsidiary Touchstone Underwriting.
Under the deal, financial terms of which were not disclosed, the Jannard Quadrant roster will join Seventeen Group’s office in Watford. Previous owners Stephen Sweden and Geoff Callawa will remain part of the business, which has a strong hotel book.
“The focus on ‘top end’ hotels also fits incredibly well with James Hallam’s specialism in the hotel sector,” Anscombe highlighted. “I am delighted to welcome the team on board.”
Last month, Seventeen Group snapped up Keith Miller Insurance Services and a book of business relating to Hendricks Insurance to expand the group’s broking subsidiary James Hallam.
“Seventeen Group continues to grow both organically and via acquisition,” Anscombe noted at the time. “We are committed to a long-term future as an independent with several specialist areas of focus and a strong regional presence.”
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