Seventeen continues acquisition spree with two broker buys

Seventeen Group has continued its acquisition spree with the purchases of Wisemans Insurance Services and North West Risk Solutions.

Wisemans is an Ashford-based broker that employs nine staff and handles premiums worth around £3.5m.

With Seventeen having no presence in West London, the deal will see Seventeen retain the broker’s Ashford office.

Meanwhile, North West Risk solutions is Manchester-based broker that specialises in real estate and construction.

Seventeen said that most of the business would become part of James Hallam’s real estate and construction division

James Hallam is the group’s broking subsidiary.

Seventeen chief executive Paul Anscombe said: “We are delighted to welcome our new colleagues into the group.

“This has not only extended our regional footprint, but brought some great talent into our business.”

Strategy

This came after the firm announced it had acquired Watford broker Jannard Quadrant in April.

And in March, Seventeen made a double swoop to acquire Keith Miller Services and the book of business relating to Hendricks Insurance.

Speaking about the broker’s acquisition strategy, Anscombe said: “Seventeen Group continues to grow both organically and via acquisition.

“We are committed to a long-term future as an independent, with several specialist areas of focus and a strong regional presence.

“As a group, we are slowly expanding our international capabilities in order to both provide a greater geographical reach for our clients and also to support our growing international broker network.”