CCV takes slice of Kent broker

Cullum Capital Ventures (CCV) has invested in Kent-based broker Capital and County.

The business, with a gross written premium approaching £12m, has a sizeable commercial account with particular specialism in the motor trade and construction industry.

Tim Johnson, chief executive of CCV said: “We have taken a strategic investment in Capital and County, a deal structure which works well for both the existing management team and ourselves. This is an excellent and well established business and our ability to create a bespoke arrangement was a critical part of the transaction.”

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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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