Bollington makes third acquisition buying commercial insurance broker

Bollington Insurance has competed its third acquisition this year, purchasing West Midlands-based commercial insurance broker CLA Risk Solutions. 

The acquisition adds 19 staff and over £9m of gross written premium (GWP) to the group.

Bollington has also recently bought Ashgrove Insurance Services and Prophet Trade Credit - these contributed a combined total of more than £16m GWP to the firm since the start of the year.

This succession of acquisitions bolsters Bollington Insurance above the £180m GWP mark.

CLA Risk Solutions lines of business include haulage and transport, telematics and property, alongside a strong book of personal lines business.

Growing business

Paul Moors, chief executive at Bollington, said that the organisation is ”demonstrating our clear intent to sustainably grow the business in line with our clients’ needs”.

He continued: ”The balance of business at CLA complements our product offering and expands our regional presence. They are a good local broker with a reputation for delivering a tailored personal service. This makes them a good fit for our acquisition and growth model.”

Adrian Littler, managing director at CLA Risk Solutions, added that the broker is looking forward to a successful future as part of the Bollington Insurance family.

“Completing this deal is great news for our clients,” Littler said. ”CLA is now part of a fast-growing and diverse group that is nationally recognised. Our clients can rest assured that this development adds strength to CLA’s relationships with insurers and trading partners, ushering in access to more products and services in the months ahead.”

Moors has known Littler for over 25 years.