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CCV has £350m acquisition target

Acquisition Vehicle Cullum Capital Ventures, headed by former Towergate chief executive Tim Johnson,...

Acquisition Vehicle Cullum Capital Ventures, headed by former Towergate chief executive Tim Johnson, has completed the purchase of a second regional broker following its acquisition of Moffatt Saunders.

CCV has bought Richard V Wallis, based near Birmingham, which controls £9m of commercial and personal lines premium.

CCV expects five more deals, as Tim Johnson, chief executive of CCV, explained: "We have set ourselves some ambitious targets but we are determined to acquire only well established

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SRG broker to wholesale pothole damage cover

Strategic Insurance Services has launched a vehicle insurance product designed to cover damage caused by potholes, making it available to brokers on a wholesale basis for private motor and commercial fleet clients.

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