Stevens & Bolton LLP has advised the management team of Broker Network, the UK’s leading network for independent insurance brokers, on three recent acquisitions:
- Thompson & Richardson, established in 1964, has grown considerably to become one of the largest independent insurance brokerages in Lincolnshire and the surrounding area. The business, which has a strong regional profile, controls £27m GWP and is focused on commercial lines business.
- Knighthood Corporate Assurance Services Limited was established in West Sussex in 1969 and controls in excess of £15m GWP across a diverse range of business with a strong focus on marine insurance clients.
- Weald Broking Management Limited was established in 2003 and has built a strong reputation in Kent and the surrounding counties for providing property-related and commercial risks, fleet, motor and motor trade insurance alongside policies for high-net worth individuals, controlling in excess of £14m GWP.
Broker Network represents the largest network for insurance brokers in the UK. The brand remains the leading proposition in the market in terms of size and breadth of service, with circa 600 members and over 150 in-house employees. Broker Network’s main focus is on ensuring that its members are supported through a range of services, whilst enabling them to retain their independence.
The Stevens & Bolton team was led by corporate partners Joe Bedford and Jenny Robertson, supported by Emma Leahey and Luke Stewart (corporate), Matthew Jamieson and Richard Wilkin (real estate), Kerry Garcia, Jackie Penlington, Sarah Taylor and Hollie Ryan (employment and immigration), Tom Collins (IP) and Kate Fellows-Tully and Gabrielle Holgate (Pensions).
Jenny Robertson commented “We are delighted to have been able to work with Broker Network on these acquisitions, which further strengthen its brand and client base. The strong relationship between Broker Network’s experienced deal team and our lawyers helps to deliver transactions that add value and create a positive platform for further growth.”