Hayes Parsons buys yacht underwriting agency Admiral Marine
Deal adds £1.4m of GWP to the firm.
Bristol-based Hayes Parsons Insurance Brokers has bought specialist underwriting agency Admiral Marine in Salisbury, for an undisclosed sum.
Admiral, founded in 1991, specialises in insuring sailing yacht and motor boat vessels on a worldwide basis and has £1.4m of gross written premium.
All staff along with the brand and office will be kept and managing director Robert Holbrook will continue to lead the team.
Chartered broker Hayes Parsons, which has £12m of GWP and 27 staff, flagged that
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