Broker continues growth in the region.
Giles Insurance Brokers has completed its sixth acquisition in Wales in the last 12 months.
The latest acquisition is Penarth-based NG Insurance which focuses on commercial, financial risk protection and personal insurance.
The number of staff employed by Giles in South Wales now totals around 80, with more recruitment expected in the coming months to strengthen its Talbot Green-based regional claims department.
Giles initially entered the Welsh market with the acquisition of Tonyrefail-based Hedges & Rose November 2007. Since then the Group has successfully completed the acquisition of DS Howell, AGM Insurance, Paul Murphy Insurance Services and Hancock General Insurance.
Chris Giles, chief executive of Giles, said: “We are extremely positive about the future of Giles in Wales. The rapid expansion of our business there demonstrates the strong potential of the Welsh market for us. We look forward to maximising on future opportunities as we take our business forward.
“NG Insurance has an excellent reputation locally and knowledge of the market which will be invaluable as we expand our business across Wales.”
Nick Grimmitt, chairman of NG Insurance, said: “We have a long history in the local area and believe that Giles can use this to really drive forward its business in South Wales, something we are very much looking forward to being a part of.”
