Henderson buys Peterborough broker

Broker Henderson has bought the commercial and personal lines books of business from Peterborough-based firm Richard Kiddle Insurance Brokers.

The acquisition means that the Henderson’s Peterborough office will now control annual gross written premiums (GWP) of £10m.

Richard Kiddle places insurance in the agriculture and farms, motor and commercial market.

The decision to sell the book of business was made by Richard Kiddle’s wife, Ginnie, after her husband passed away.

Henderson chief executive Joe Henderson said: “Richard Kiddle’s death has undoubtedly had a huge impact on the people who knew him, but we hope to be able to help create a positive legacy in his memory.

“Richard Kiddle Insurance Brokers is a great little business that I believe has similar roots to those of HIBL when I started it almost 30 years ago. To have been trusted by Richard’s widow with his book of business is a significant responsibility and I’m confident that we will demonstrate that she made the right decision.”