Giles makes two more additions

Giles Insurance Brokers has acquired two more regional brokers as part of its recent consolidation drive following investment from Charterhouse.

The consolidator has purchased Midlands-based David Moore and Company and has established itself in the North-east for the first time with the acquisition of Elliot Garden.

Based in Wolverhampton and Newport, David Moore and Company is the third broker in the area to be acquired by Giles following the company’s purchase of Lester Bashford Webb of Dudley and, more recently, Midlands Risk Management of Birmingham.

Sean Finnegan, central regional managing director of Giles, said: “The Midlands has

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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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