An Eastbourne-based independent insurance brokers with over 50 years of experience has been acquired by one of the UK’s top independent insurance intermediaries in a deal advised on by EMC Corporate Finance.
Reid Briggs Insurance Brokers was snapped up by Global Risk Partners (GRP) through its South East hub, Green Insurance Group. At the same time, it also bought Clifton Morley Associates based in Welling, Kent.
They’re the latest in a series of acquisitions made by GRP since it took a majority stake in Bexhill-headquartered Greens in June 2017.
Duncan Coleman, chief executive officer of Greens, said: “When Greens was acquired by GRP, we said we would double the size of the business.
“Since then we have acquired Collidge and Partners, Insurance Services (West End), Eclipse Insurance Services, and now Reid Briggs and Clifton Morley.”
He continued: “These latest two acquisitions add a further £9.2m of gross written premium to the business.
“We will continue to acquire businesses that help us deliver our ambitious growth plans.”
Reid Briggs offers both personal and commercial insurance, primarily in the East Sussex area. The broker will remain in its Eastbourne office, with the whole team, led by Andrew Briggs and Kevin Barnard, moving across to Greens.
Commercial lines retail broker Clifton Morley’s team, led by Bill Morley, will move into Green’s Dartford office. The firm specialises in taxi insurance for individuals and fleets across the UK.
Nik Askaroff, who led the EMC team advising the Reid Briggs owners, added: “Reid Briggs has been providing a high quality specialist insurance service in East Sussex since 1964. The deal with GRP, through its regional hub, offers the ideal environment for the business to continue to thrive and grow long into the future.”Back to all news