Consolidation activity at smaller end of market

Finch Commercial Insurance Brokers has acquired Ashcombe Border Insurance Brokers in Liphook, Hampshire.

The move increases the commission income of the owner-managed group to over £2.5m.

Vincent Gardner, Finch Commercial broking director, commented: ‘This is our first move into Hampshire and we hope to build on this venture. We are delighted that Peter Collison and his team have joined us and are sure, with our support, the business will go from strength to strength.

“We feel that Hampshire and Berkshire have suffered from the industry’s consolidation and there is a shortage of high quality owner-

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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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