Kent-based broker to become part of Green Insurance Group
Brown & Brown (Europe) Limited has acquired 100% of the share capital of Oxlea Investments Ltd, trading as Stewart & Partners.
Stewart & Partners is based in Welling, Kent, and will become part of Green Insurance Group (‘Greens’), Brown & Brown’s South East retail broker.
Stewart & Partners was established in the 1960s and writes commercial and personal lines insurance. All members of the team, including senior leadership, will transfer across to Greens, and the business will continue to trade from its existing office.
Duncan Coleman, Greens’ Chief Executive, welcomed Stewart & Partners to the Group, saying, “Stewart & Partners is the epitome of a well-run, customer-centric community broker.”
“I’ve been impressed by the team’s dedication to customer service across their portfolio, and I’m confident they will make an excellent contribution to Brown & Brown in the future.”
“I’m keen to help director Shaun Hetherington and his team expand their customer base in Kent and beyond, including in South East London, and of course, they will benefit from the extra resources and firepower we can provide.”
Commenting on the deal, Shaun Hetherington, who runs the business alongside fellow director Neale Huelin, said: “I’ve been part of Stewart & Partners since 1994, trading as an independent broker and building up a loyal customer base.”
“The opportunity to become part of Greens and the wider Brown & Brown team was too good to miss, and we are all very excited about the future.”
“There’s no doubt that our customers will benefit from the additional capabilities, products and services we’ll be able to provide as part of Brown & Brown, and Duncan and his colleagues are hugely supportive of our exciting future growth plans.”
The acquisition has received regulatory approval, and the consideration is undisclosed.