Seventeen Group has acquired Keith Miller Insurance Services and a book of business relating to Hendricks Insurance, adding £5.3 million in gross written premium (GWP) to the enterprise.
“I am delighted to announce these two important acquisitions for the group,” Seventeen Group chief executive Paul Anscombe (pictured) said. “Both are very complementary and bring on board highly experienced individuals to help achieve our growth ambitions.
“We have been growing in Scotland over many years and see huge opportunities in this region as an independent broker… Seventeen Group continues to grow both organically and via acquisition. We are committed to a long-term future as an independent with several specialist areas of focus and a strong regional presence.”
The Hendricks deal near St Andrews will see Ritchie Sherret and his team of four join the Scottish regional division at Seventeen Group broking subsidiary James Hallam. The snapped up book consists of rural, commercial, and private client business valued at £2.8 million in GWP.
Aside from the St Andrews site, the regional division also has premises in Dumfries and Inverness, as well as two in Glasgow.
Keith Miller Insurance Services, meanwhile, is set to boost James Hallam’s hospitality & travel proposition with its strong hotel book. For a smooth transfer to the group’s office in West Sussex, Keith Miller will stay on board, taking on what was described as an “ambassadorial” role.
It was noted that both businesses will be rebranding to James Hallam in due course.
Anscombe added: “Our MGA (managing general agent) Touchstone continues to develop organically and has long-term relationships with major carriers in our various underwriting specialties.
“Finally, as a group, we are slowly expanding our international capabilities in order to both provide a greater geographical reach for our clients and also to support our growing international broker network.”
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