Broker acquires London based Carroll Foley Lloyd.
Lycetts has announced the acquisition of city based broker Carroll Foley Lloyd for an undisclosed sum.
Previously part of the Carroll Insurance Group, Carroll Foley Lloyd was established in 1992 and specialises in high and mid net worth household insurance in London and the South East.
The company will trade as Lycetts with immediate effect, and all employees have now re-located to Lycetts’ City office to join the existing private client team.
Angus Keate, chief executive of Lycetts, said: “I am extremely pleased to welcome Jonathan Lloyd and his team into the Lycetts Group. This acquisition strengthens our presence in London and the South East, an area which represents the most intense concentration of high net worth property in the country.
“This move is further evidence of Lycetts national strategy of building on its niche areas of expertise in both private and commercial insurance, having pursued an ambitious acquisition policy over the last three years. We look forward to working with what is already a hugely experienced and successful organisation.”
Jonathan Lloyd, former managing director of Carroll Foley Lloyd, said: “The culture of Lycetts is very similar to that of our own with an overriding emphasis on providing clients with a specialist personal service and I am very excited to be joining such a successful group with an excellent reputation.”
