Brown & Brown Europe, a division of worldwide insurance coverage brokerage Brown & Brown, has expanded its UK operations with the acquisition of Stewart & Companions.
The deal, the phrases of which had been undisclosed, noticed Brown & Brown Europe purchase 100% share capital of Oxlea Investments, buying and selling as Stewart & Companions.
It’s anticipated to boost the corporate’s service choices in business and private traces insurance coverage.
Kent-based Stewart & Companions, established within the Nineteen Sixties, will grow to be a part of the Inexperienced Insurance coverage Group (Greens), Brown & Brown’s retail dealer.
The acquisition consists of the switch of all group members together with senior management to Greens.
Shaun Hetherington runs the acquired firm alongside fellow director Neale Huelin.
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Stewart & Companions will proceed to function from its present workplace in Welling, Kent.
Brown & Brown has confirmed that each one crucial regulatory approvals for the transaction have been acquired.
Greens chief govt Duncan Coleman stated: “Stewart & Companions is the epitome of a well-run, customer-centric neighborhood dealer. I’ve been impressed by the group’s dedication to customer support throughout their portfolio, and I’m assured they’ll make a superb contribution to Brown & Brown sooner or later.
“I’m eager to assist director Shaun Hetherington and his group develop their buyer base in Kent and past, together with in south-east London, and naturally, they’ll profit from the additional assets and firepower we will present.”
Hetherington stated: “I’ve been a part of Stewart & Companions since 1994, buying and selling as an impartial dealer and increase a loyal buyer base. The chance to grow to be a part of Greens and the broader Brown & Brown group was too good to overlook, and we’re all very excited in regards to the future.
“There is no such thing as a doubt that our clients will profit from the extra capabilities, services we can present as a part of Brown & Brown, and Duncan and his colleagues are vastly supportive of our thrilling future development plans.”
In December 2023, Brown & Brown Europe acquired R McGee Insurance coverage Brokers, a household run dealer established in 1974 and based mostly in Maesteg, Glamorgan.
Like Stewart & Companions, R McGee specialises in private and business traces insurance coverage.
This acquisition got here shortly after Brown & Brown Seller Companies acquired ABS, which incorporates ABS Threat and ABS Operations.
US-based ABS is a guarantee product administrator with greater than twenty years of expertise within the car aftermarket.
