CCV's acquisition splurge continues

Michael Rea Cullum Capital Ventures

CCV has acquired Northumberland-based broker TVI Commercial.

TVI is predominantly a commercial broker with a small proposition of connected personal lines risks amounting to a total gross written premium of £2m.

TVI has been acquired from owner Alex Waters and will become part of existing CCV business, Border Counties, under the management of Joanne Lee, managing director.

All TVI staff will be transferring as part of the deal and Mr Waters will continue in the business on a consultancy basis.

CCV chief executive officer, Michael Rea, commented: “TVI is a

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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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