Venture Preference makes inroads into Manchester market
Venture Preference (VP) has established a presence in the North West, in the little consolidated Manchester area, with the acquisition of broker and financial services specialist Chambers & Newman.
The purchase establishes a Manchester base for VP in an area that has historically been unreceptive to the advances of consolidators.
The deal was lead by Smart & Cook, which will oversee the broking business of the Stockport-based firm, while the financial services arm will come under fellow VP broker Layton Blackham.
The deal represents an increase in gross written premium of £8m and 24 staff to VP on the broking side, plus18 financial services staff. Its offices and all staff will be retained
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