Gallagher buys Portmore Insurance Brokers

Deal

Deal is the broker's second since UK Retail CEO Michael Rea promised a return to buying earlier this year.

Gallagher has bought Portmore Insurance Brokers for an undisclosed sum.

The deal includes Portmore Insurance Brokers and Portmore Insurance Brokers (Wiltshire).

Southampton-based Portmore was established in 2006 and is a mid-market focused commercial broker covering a number of industry sectors, including both private and public sector businesses.

The business is led by founders and joint managing directors Graham Jacobs and Paul Chapman and has around 40 staff.

It will now become part of

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Markerstudy rebrands broking arm

Markerstudy Broking has been renamed to Markerstudy Distribution to encapsulate the range of products and services across the whole division, the business has confirmed.

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