Towergate Partnership has announced the acquisition of North London broking firm, Marrs Insurance Brokers.
Under the deal, all 12 staff and managing director Mark Coffer have made the move to Towergate. The Marrs team will become part of Towergate ARG based in Southgate, North London later in the year. Mark Coffer becomes the new managing director of the enlarged Towergate ARG team.
Marrs Insurance Brokers controls premiums of £5m with a strong commercial and personal lines business including professional indemnity, motor fleet, credit and property.
Peter Cullum, executive chairman of Towergate commented, “This was a great opportunity to buy a profitable business which will help increase our visibility in the North London area and increase further our client servicing capabilities. It also builds upon Towergate's position in the market place as the leading broker in commercial and personal lines.”
Mark Coffer, managing director of Marrs Insurance Brokers said: “Being part of the Towergate Group is a fantastic opportunity for our staff to tap into the great career potential which is available from this progressive company. The deal also creates a stronger proposition for clients who will now have access to the widest insurance product range available.”
