Broker Network completes fourth ‘major' regional acquisition

Broker Network has today completed the purchase of its fourth “regional powerhouse”, East Anglia-based Saffron Insurance.

This deal follows on from the previous Broker Network deals to take on Thompson & Richardson in December 2017, Boyd Insurance in May 2017, and Finch Group in October 2016.

Saffron managing director Dave Beswick and his team will continue their positions and the acquisition programme.

Des O’Connor, Broker Network’s chief commercial officer said: “We have a strong infrastructure of people, processes and systems established over 25 years ago which sets us apart from competitors. The investment in our fourth Centre is exciting and I firmly believe the combination of Broker Network working alongside Dave and the Saffron team will dominate the broking landscape of East Anglia.

“Saffron is a very acquisitive business and will take a similar route to our first Broker Network Partner, Finch Group. We are however being thoughtful and considered in our approach and are making decisions for the long term.”

Beswick added: “My passion has always been to grow this business and I’m really proud of what the team has achieved recently. We now need to move to the next stage so that we can capitalise on opportunities and meet evolving customer needs. Des O’Connor and Broker Network are a great partner for us and I believe this presents a compelling solution for any broker in the East seeking a sale.”