Beaumonts secures substantial funding from Yorkshire Bank

Beaumonts Insurance Brokers has secured a ‘substantial funding package’ from Yorkshire Bank which could help to further its future acquisitions.

This comes after its previous banking partner withdrew from the insurance sector in the UK.

Beaumonts, which employs 95 staff across its Bradford headquarters in Leeds, Doncaster and Shrewsbury, offers intermediary services ranging from claims and risk management to corporate and travel insurance.

Since the company was formed in 2001 it has made a number of acquisitions including the takeover of Shrewsbury insurance broker, Kingsland Robart in 2011.

Beaumonts finance director, Craig Seed, said: “When seeking a new banking partner, it became clear from early on that Yorkshire Bank could provide the solutions we needed.

“Crucially, they demonstrated a high level of support, knowledge of our business and the insurance broking industry in general and genuine enthusiasm for our ambitions.”