Broker Direct to offload three brokers to Swinton

Investec has completed three exits in three months

Bevan Fox Insurance Brokers, based in Tamworth, Fitzsimons Insurance Brokers in Stockport and Bolton-based Greenhalgh & Gregson are set to be acquired by the high street broking giant.

It is understood that the proposed deal is part of Broker Direct's strategy to focus on its core business. The move follows the sale of Scunthorpe-based Barry Fenton Insurance to NMJ Insurance Brokers and Broker Direct's deal with Willis Networks to take on Our Network members.

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