’The team bring a huge amount of experience and relationships into the group,’ says chief executive
Seventeen Group has revealed that it has completed its third acquisition of the year with the purchase of Mint Insurance Brokers, a statement released today (9 August 2023) said.
Mint places retail and wholesale business within the London market and specialises in professional liability, real estate, casualty/contract works and medical malpractice.
It is led by Brian Bendle and Manjit Gill, along with director Oliver Wharmby, and has a gross written premium of £13m.
The firm has also been an appointed representative of Seventeen Group’s broking subsidiary James Hallam since 2020.
”On behalf of the whole Mint team, Manjit and I are delighted to complete the transition from partner to division of such a vibrant and expanding group with mutual benefit for both companies,” Bendle said.
Seventeen Group chief executive Paul Anscombe added that acquiring the business would help build its London market presence.
“Brian and Manjit have been known to us for many years and so this is a very natural progression of our relationship,” he said.
”The Mint team bring a huge amount of experience and relationships into the group and will specifically help us build our London market presence.
”Their specialist areas are also incredibly complimentary to our own.”
Further deals
Seventeen Group also revealed that earlier this year, it acquired Aim Risk Services Limited and McGregor Insurance Services Limited.
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Aim is a schemes-based broker, while McGregor is a travel industry specialist broker.
Seventeen Group said it would continue to grow both organically and via acquisition.
”The number of broker transactions in the UK is falling as the number of brokers reduce, but there is still a considerable number of firms who want to sell and want to go to a true independent non-private equity-based business where there is a long-term future,” Anscombe said.
”We are a firm owned and run by insurance brokers and that is proving to be appealing to a growing number.”
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