Castle Insurance Services buys EW Knapton
The Durham based broker has added two branches and taken its GWP to £7m.
Castle Insurance Services has just completed the acquisition of another local independent broker, EW Knapton which has branches in Newton Aycliffe and Bishop Auckland, Insurance Age can reveal.
The deal is for an undisclosed sum and sees eight staff join the team. It also takes Castle’s GWP up to £7m.
There are no immediate plans to rebrand the businesses and both branches are set to be kept open in the immediate future.
However, Castle confirmed that it would undertake a review of this as
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