UK-based multi-disciplined insurance coverage and danger administration organisation Seventeen Group has introduced the strategic acquisition of Keith Miller Insurance coverage Companies and a ebook of enterprise from Hendricks Insurance coverage.
Hendricks Insurance coverage specialises in providing insurance coverage broking companies options to entrepreneurs, small medium enterprises, and pre-eminent landowners within the UK.
The acquired ebook of enterprise of Hendricks Insurance coverage brings a gross written premium (GWP) of £2.8m ($3.5m) to the desk.
Positioned close to St Andrews in Scotland, the enterprise ebook features a numerous mixture of rural, industrial, in addition to non-public shopper companies.
Hendricks Insurance coverage proprietor Ritchie Sherret will now transfer to Seventeen Group along with his four-member group.
The enterprise will finally rebrand to James Hallam, Seventeen Group’s broking subsidiary, and combine into the Scottish regional division beneath the management of regional director Neil Campbell.
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The division at the moment operates from 5 workplaces throughout Scotland, two in Glasgow and one every in Inverness, Dumfries, and St Andrews.
The second acquired firm, Keith Miller Insurance coverage Companies, is an unbiased private and industrial insurance coverage middleman controlling a GWP of £2.5m.
This firm affords a variety of merchandise together with these for motels, agriculture, industrial autos, and golf programs.
In response to Seventeen Group, Keith Miller Insurance coverage Companies’ robust lodge ebook is especially complementary to James Hallam’s Hospitality & Journey group, whereas Keith Miller additionally manages numerous key long-standing purchasers throughout a number of sectors.
Keith Miller Insurance coverage Companies may even rebrand to James Hallam and its group will be a part of the group’s West Sussex workplace within the UK.
As well as, Keith Miller himself will proceed to be with the group and help in a clean transition whereas taking on an ambassadorial function for the broader enterprise.
Seventeen Group CEO Paul Anscombe stated: “Each are very complementary and convey on board extremely skilled people to assist obtain our progress ambitions.
“We’ve got been rising in Scotland over a few years and see big alternatives on this area as an unbiased dealer. With Keith Miller, Keith and his group carry a shopper service strategy which inserts extremely nicely with us.”
