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Primary acquisition double may be repeated in first half

    • Insurance Age staff

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Commercial underwriting agency Primary Broker Services and Primary Group subsidiary Vega have comple...

Commercial underwriting agency Primary Broker Services and Primary Group subsidiary Vega have completed one acquisition each, representing a collective premium income boost of £18m for the group.

The purchase of Birmingham-based Jobson James & Associates by Vega is its fourth and largest since it was set up in 2003 and, with a gross written premium of £16m, takes the Vega group of companies' GWP to £40m. The senior team, which also comprises the major stakeholders, plus 40 staff will remain.

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