Invicta buys four PL books

Steve Gamage and Paul Cosh’s Sevenoaks-based Invicta Insurance Services has bought four more books of business, taking the total in the first three months to six.

The firm says more are in the pipeline. The four just bought include:

• Cranbrook-based London & Southern Securities, which comprises mainly high net worth and property owners’ policies.
• Welling-based Rees & Paddock Wood Insurance Services, which is predominantly property owners’ and small commercial policies.
• Northfleet-based Investment & Insurance Services, the bulk of which is household and property owners’ policies.
• The personal lines portfolio of Burgess Hill-based Burgess Insurance Services

Invicta will run the businesses from its head office in Sevenoaks.

Service standards

Gamage, managing director of Invicta Insurance Services, said: “We are delighted that we have been able to secure such good quality acquisitions at this early stage in our development and we will work hard to maintain the excellent service levels that the customers have received to date.”

Alison Davies, director of London & Southern Securities, says “I am sure our very loyal clients will continue to receive the combination of value, personal service and expertise that they have enjoyed from us.”

Andrew Grant, director of Burgess Insurance Services, says “Selling our personal lines portfolio to Invicta has allowed us to focus all of our resources on developing our commercial insurance portfolio.”

Still buying

Paul Cosh, chairman of Invicta, said: “Invicta is the joining together of like minded broking businesses to form a regional broker with the buying power to provide great value cover for customers. We will continue to talk to other brokers interested in selling all or, as importantly, some of their portfolios.”