Cullum Capital Ventures (CCV) has acquired Tamworth-based broker Brian Potter & Associates.
This is CCV’s 36th acquisition in the past two and a half years moving their total gross written premium to around £240m.
Established in 2006, CCV provides a range of solutions for both insurance brokers and underwriting agencies that are considering selling off all/part of their business portfolio and is one of the UK’s top 5 largest independently owned insurance intermediaries with more than 650 operational staff.
CCV focuses on investing in regional brokers by providing specialist and non-specialist general insurance products by working in partnership with a core group of capacity providers who underwrite the risk.
MD of Brian Potter & Associates, Stuart Potter, said:
“The CCV philosophy fits well with the needs of both our customers and staff. We considered a number of options for our business and felt that CCV was ideal for all parties and equally importantly the ongoing development of the company.”
CCV’s executive chairman, Peter Cullum, welcomed CCV’s latest acquisition. He said:
Consider These:“Our strategy of acquiring and investing in good quality regional brokers continues at a pace, and we have a number of deals already undergoing due diligence or in our sights over the coming months. In spite of the uncertainties in the broader economic environment, CCV is well placed to continue its growth based on a profitable business model coupled with access to acquisition funding.”
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