Brown & Brown Europe, a division of worldwide insurance coverage brokerage Brown & Brown, has expanded its UK operations with the acquisition of Stewart & Companions.
The deal, the phrases of which had been undisclosed, noticed Brown & Brown Europe purchase 100% share capital of Oxlea Investments, buying and selling as Stewart & Companions.
It’s anticipated to reinforce the corporate’s service choices in business and private strains insurance coverage.
Kent-based Stewart & Companions, established within the Sixties, will turn out to be a part of the Inexperienced Insurance coverage Group (Greens), Brown & Brown’s retail dealer.
The acquisition consists of the switch of all workforce members together with senior management to Greens.
Shaun Hetherington runs the acquired firm alongside fellow director Neale Huelin.
Entry essentially the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.
Firm Profile – free
Your obtain e mail will arrive shortly
We’re assured in regards to the
high quality of our Firm Profiles. Nevertheless, we wish you to take advantage of
choice for what you are promoting, so we provide a free pattern that you could obtain by
submitting the under type
Stewart & Companions will proceed to function from its current workplace in Welling, Kent.
Brown & Brown has confirmed that each one obligatory regulatory approvals for the transaction have been acquired.
Greens chief government Duncan Coleman mentioned: “Stewart & Companions is the epitome of a well-run, customer-centric group dealer. I’ve been impressed by the workforce’s dedication to customer support throughout their portfolio, and I’m assured they’ll make a wonderful contribution to Brown & Brown sooner or later.
“I’m eager to assist director Shaun Hetherington and his workforce develop their buyer base in Kent and past, together with in south-east London, and naturally, they’ll profit from the additional sources and firepower we are able to present.”
Hetherington mentioned: “I’ve been a part of Stewart & Companions since 1994, buying and selling as an impartial dealer and build up a loyal buyer base. The chance to turn out to be a part of Greens and the broader Brown & Brown workforce was too good to overlook, and we’re all very excited in regards to the future.
“There isn’t a doubt that our clients will profit from the extra capabilities, services and products we can present as a part of Brown & Brown, and Duncan and his colleagues are vastly supportive of our thrilling future progress plans.”
In December 2023, Brown & Brown Europe acquired R McGee Insurance coverage Brokers, a household run dealer established in 1974 and primarily based in Maesteg, Glamorgan.
Like Stewart & Companions, R McGee specialises in private and business strains insurance coverage.
This acquisition got here shortly after Brown & Brown Seller Companies acquired ABS, which incorporates ABS Danger and ABS Operations.
US-based ABS is a guarantee product administrator with greater than twenty years of expertise within the vehicle aftermarket.