Motor insurance broker DNA Insurance has taken over Carter Gilbrook's personal lines business.
The move will see the Chadwell Heath-based broker add £500,000 to its current gross written premiums of £3m and will increase its number of policyholders to 8,000.
DNA co-founder Danny Imray said: “This gives us more customers, and slots well into our portfolio. Next year we are looking to push into new areas with a commercial arm and to get our premium income up to £5m by the end of 2005.”
Imray, and his business partner Alf Costa, will continue to head up the combined business.