Stuart Alexander has made its first acquisitions as an AXA owned broker, Insurance Times can reveal.
The first acquisition, Middlesex-based broker, Helm Group UK, controls more than £10m in premium income. It will continue to operate from its current office.
The second, Portsmouth-based JTC, controls £2.5m premium income. It will relocate to Stuart Alexander's Southampton office.
Dave Hare, managing director of Helm said the deal would give it access to the strength of Axa. “Being part of such a major broking group is the right move for us all and we are delighted and excited about the future possibilities this will bring,” he said.
Stuart Reid, chief executive of Stuart Alexander, said: “These businesses are an excellent fit because they will enhance the breadth of services we are able to offer our clients, both existing and new.”
John Twine, managing director of JTC added: “We are delighted to be acquired by Stuart Alexander, it is a fantastic opportunity for us all and gives us the breadth of markets and ability to service clients that will be envy of the local market.”
