Giles makes its largest acquisition
Giles has announced the acquisition of RA Rossborough and its general insurance broking companies. While the amount of the deal has not been disclosed Giles has confirmed it is the largest acquisition in the company’s history.
According to the company, Rossborough is the largest broker in the Channel Islands and also has offices in Southampton and the Isle of Man. Across the group, Rossborough employs around 180 people.
Rossborough was established in 1936, and includes a specialism in healthcare in its portfolio. The acquisition provides Giles with a presence in the Channel Islands, a new territory for the group where Rossborough's brand will be retained.
Chris Giles, chief executive officer of Giles commented: "We
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