Moorhouse targets £5m GWP broker acquisition
Welsh broker Moorhouse has announced that it is looking to complement its organic growth with the acquisition of an insurance broker up to £5m gross written premium (GWP).
The broker said that the strategic acquisition, using funds from the Moorhouse Group’s balance sheet, would fit with core areas for Moorhouse such as small to medium sized enterprise (SME), or be a broker with a call centre or internet-based business model.
Although strict about which businesses it is prepared to buy Moorhouse will also be viewing this as a trial with other acquisitions likely to follow.
In addition, Moorhouse said it will consider books of business from companies wishing to
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