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CCV looks at £20m buys

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Cullum Capital Ventures is now looking at buying brokers with up to £20m of gross written premium, a...

Cullum Capital Ventures is now looking at buying brokers with up to £20m of gross written premium, and according to chief executive Tim Johnson any brokers of this size will be bought by CCV rather than Towergate with the exception of where it is a clear fit with the larger broker. The latest addition to CCV, which still has a £70m draw down facility with HBOS, is £4.5m Wigan-based broker Alkers, which has a marine specialism.

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