Brokers penetrate regions with further acquisition activity

gary-stevens-antur-insurance

Acquisition activity has continued to bubble away in the regions where Cullum Capital Ventures (CCV), Barbon Insurance Group, Antur Insurance and BLS Insurance Brokers have all swooped for new businesses.

CCV has bought North-east-based broker BIB Darlington and underwriting agency BIB Underwriters.

The farming specialist underwriting agency controls in the region of £20m in gross written premiums (GWP) and the brokerage is worth approximately £10m GWP.

The businesses employ 95 staff who will all be retained operating under their own brands in the same location.

CCV chief executive, Michael Rea, commented: "BIB Darlington and BIB Underwriters represents a fantastic proposition of broking and

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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