Broker Network has completed the purchase of Knighthood Corporate Assurance Services Ltd, bringing its total number of regional powerhouse acquisitions to five.
Broker Network has purchased the brokerage from Sunderland Marine, part of the North Group. The deal sees the business continue to operate from their current location with a retained management team.
Established in West Sussex in 1969, Knighthood Corporate Assurance Services has built a strong reputation providing competitive, tailored solutions for a diverse range of businesses. The brokerage which controls in excess of £15m GWP, employs over 30 people and is a commercial lines business with a strong focus on marine insurance clients.
Commenting on the partnership, Des O’Connor, Broker Network’s Chief Commercial Officer said: “I’m delighted to welcome Lena and her team to the family. Knighthood is an excellent business with strong opportunities for future growth. We believe their specialist offering, extensive client base and strong management team will bring a new dimension to Broker Network Partners.
“We have further acquisitions planned in 2018 and are always interested in speaking to brokers who share our unique culture and vision.”
Lena Weaire, MD at Knighthood Corporate Assurance Services Ltd added: “We are thrilled to become part of the group and excited about the broad horizon which will open up for our employees and customers. The prospect of strengthening our already market-leading offering is an exciting one; and making the journey from Member to Partner means that we can benefit from the Network’s collective strength in a new way that will truly galvanise our business.”