We’re pleased to announce the recent acquisition of Sutcliffe Solloway & Company Limited (trading as Sutcliffe Insurance Brokers), expanding our business into Lincolnshire.
The move sees our gross written premium figure rise from £85million to £90million. Since the Group’s formation in Norfolk in 1982, the company has grown to become one of the largest independent insurance brokers in the UK, with strong capital reserves and more than 50,000 clients across the country.
The acquisition will also see a further 25 members of staff — based at offices in Boston and Grimsby — join the group, bringing the total number of employees to 325.
With a heritage dating back to 1977, Sutcliffe arranges a wide range of commercial insurance products, with specialisms in the marine trade and heavy industry, as well as providing personal lines including home, car and landlord insurance.
Says Executive Chairman Alan Boswell: “We’re pleased to make this announcement as we head into a new financial year. 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.”
We’re pleased to make this announcement as we head into a new financial year
Sutcliffe Insurance Brokers’ Managing Director Mike Kirman further comments: “This is a fantastic opportunity for Sutcliffe. Not only does it enhance the range of services we offer to existing clients – including risk management — but it also brings the stability and support of a larger group to the business.”
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A shortage of new motorhomes and campervans means that many second-hand vehicles are rapidly increasing in value. While good news for self-drive hire vehicle owners, it does increase the risk of being underinsured.
