Broker Network, the UK’s leading Network for independent insurance brokers, has today announced the acquisition of its first regional broker; Finch Commercial Insurance Brokers Ltd.*
Founded in 1971, Finch Group is headquartered in Reading with additional offices in Basingstoke, Southampton and the Isle of Wight. The Group has grown dynamically, now employing over 50 people and managing around £20m GWP.
Andy Fairchild, Broker Network’s CEO commented: “It’s an exciting time for the Network and Finch as we introduce our first Broker Network Partner. Finch is a strong broking powerhouse and fits naturally with the unique Broker Network culture which is vitally important to us. We want to provide long term support for independent entrepreneurial community-based broking, and see this as our heartland."
Des O’Connor, Broker Network’s Chief Commercial Officer added: “Finch Group has a strong reputation and identity within the commercial market and will therefore retain their own brand identity as well as an ongoing sense of independence, but with executive support from me and the Broker Network team to fund their growth and development.”
Vincent Gardner, Finch’s Managing Director concluded: “Having Broker Network as our financial partner provides us with the ability to continue to invest in the acquisition of like-minded brokers, attract the best talent and immediately set us apart from our competitors. We are looking forward to utilising the services that Broker Network offers such as Risk & Compliance, Marketing and HR. This support from the Network will allow us to focus on our customers.”
*Subject to regulatory approval