Broker Network makes 6th acquisition


Broker Network, has completed the purchase of Weald Insurance Brokers, bringing its total number of regional powerhouse acquisitions to six.

Established in Westerham Kent in 2003, following the merger of two like-minded businesses, Weald Insurance Brokers has built a strong reputation specialising in property-related and commercial risks, fleet, motor and motor trade insurances and policies for high net worth individuals.  The brokerage controls in excess of £14m GWP and employs over 40 people.

Commenting on the partnership, Des O’Connor, Broker Network’s Chief Commercial Officer said: “Adding Weald to the family is another fantastic move for Broker Network Partners. It is a well-respected brand within the region, with a diversified client base made up of long-standing client relationships. Chris Gibbs leads a high-profile team of loyal staff, whose technical approach to identifying risks strengthens their client relationships.”

A key element of our strategy is ensuring our Partners continue to run their business in the way they always have. They know and understand their clients and we are simply there to support and accelerate them to the next level. Weald Insurance Brokers is a perfect example of this. They have a strong brand and close client relationships but are looking to grow. I’m excited to see what’s in store for the business over the coming months.”

Chris Gibbs, MD at Weald Insurance Brokers added: “We’re thrilled to have partnered with Broker Network and are excited at the opportunities our new relationship will bring for the benefit of our clients. The partnership allows us to strengthen our broking footprint in the wider region and focus our strategy on continued growth.”