Newport-based David Moore & Co Insurance Brokers is the first Willis Commercial Network member to have made two simultaneous acquisitions.
The acquisition of two Wolverhampton-based firms, Howard Wright & Co and David S Francis Insurance Brokers was aided by the network's management team and financed by Halifax Bank of Scotland in a deal negotiated by Willis.
Managing director David Moore, said: “Joining the Willis Commercial Network has raised our expectations and confidence to actively seek and acquire business, even those larger than ourselves. Howard Wright & Co is one such acquisition.
“By acquiring both Howard Wright & Co and David S Francis we have now become one of the fastest growing brokerages in the country.”
Willis Commercial Network managing director Mark Radburn, said: “Within the Willis Commercial Network, we actively encourage members to grow through a combination of positive strategies including new business, cross selling and acquisitions.”
Over the next few years the Network has a growth target of over 100 members generating in excess of £500m in premium.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
