Hemel-based broker snaps up book from local rival
Hemel Hempstead-based broker Advanced Insurance Consultants (AIC) has acquired the book of business from ALH Insurance, for an undisclosed sum.
Along with the business, which is mainly personal lines, five staff from ALH - also based in Hemel - will join AIC.
According to Barry Abrams, underwriting director at AIC, the broker may merge into ALH’s premises at some stage in the future.
Mr Abrams said the firm had acquired ALH’s book as it tied in well with some of the business AIC carries out.
He explained: “We are mainly in commercial lines but this is a good chance for cross-selling and further growth.”
He added that if the right
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