Towergate Insurance unveil further acquisitions
19th July 2012
Towergate Insurance today announces the acquisitions of Sheraton
Insurance Brokers and JBI International Insurance Brokers Ltd.
These latest acquisitions are the 12th and 13th to be completed by
Towergate Group, which includes Cullum Capital Ventures (CCV) and
Towergate Financial, in 2012 and will bring further scale and
specialisms to the Towergate Broking Division.
Sheraton Insurance Brokers specialises in
general insurance and is located in Wickham, Hampshire. Towergate
Insurance has purchased the non-life business of the company.
Created over 30 years ago, the business will join forces with
Towergate’s Fareham office where it will further strengthen
Towergate’s presence in the South of England under the management
of Regional MD, Stuart Grieb.
JBI International Insurance, a niche broker
based in Aldermaston near Reading in Berkshire, was founded over 25
years ago by John Brown and his wife Christine. The business
specialises in Military, Travel, Landlord and Expat insurance which
will enable Towergate Insurance to have a greater footprint in the
Landlords and Military Kit markets and become a leading player in
Military Pet Insurance. All staff, including John Brown, will
remain with the company and will continue to operate from their
current location which will become the new office for the
Specialist Personal Lines Division of Towergate Insurance under the
leadership of Regional MD, Rod Breeze.
Mark Hodges, Group CEO of Towergate Insurance, commented
"These two businesses are a welcome addition to the Towergate
Group and evidence of our strong acquisition pipeline. We firmly
believe we can make it work for businesses of all shapes and sizes
as we have demonstrated with the completion of 13 acquisitions of
varying businesses since the start of 2012."
Group Head of External
Mobile: 07717 866190
Group Communications Manager
Mobile: 07872 821666