Norwich-based Alan Boswell Group announces second acquisition in a year
- Credit: Archant
Insurance broker and financial advisers Alan Boswell Group has expanded into Lincolnshire after snapping up a smaller firm.
The acquisition of Sutcliffe Solloway & Company Limited (trading as Sutcliffe Insurance Brokers), takes the Norwich-based group's gross written premium figure from £85m to £90m.
An extra 25 staff, based at offices in Boston and Grimsby, will take employee numbers to 325. The deal follows the purchase of S-Tech Insurance Services in Cambridge in late 2016, and the launch of a risk management arm last month.
Executive chairman Alan Boswell said: 'The group has been growing at a steady rate and Sutcliffe Insurance Brokers is a natural fit for our continuing expansion, offering services complementary to our own.'
Sutcliffe, founded in 1977, specialises in marine and heavy industry, and offers personal lines including home, car and landlord insurance.