Gallagher has announced the acquisition of leading South West commercial insurance broker Pavey Group Holdings (UK) Limited (trading as Pavey Group) in the UK.
With offices in Torquay, Exeter and Holsworthy in Devon, and Highbridge in Somerset, Pavey Group was established in 1971 and has spent more than 40 years providing independent insurance advice and tailored risk solutions to businesses across the South West and beyond, from sole traders to familiar names among the Top 150 firms in Devon and Cornwall. Working with a wide range of industry sectors including construction, manufacturing, retail, wholesale, professional services, motor trade, property owners, care and charitable organisations.
Torquay is the base for a specialist team of advisers behind Cottagesure, a bespoke insurance scheme for owners of holiday homes and cottage complexes across the UK.
Pavey Group’s long-standing relationship with farming cooperative Mole Valley Farmers, has been instrumental to its growing involvement in the agricultural sector following the launch of Mole Insurance Services in 2014.
Led by Managing Director Graham Brown, and the existing director team, Pavey Group and its 83-strong team of insurance professionals, will become part of Gallagher’s Retail branch network, which serves its customers from more than 50 locations around the UK.
“Pavey Group is a very well-respected firm with a complementary culture and mix of business that expands Gallagher’s presence in South West England,” said J. Patrick Gallagher, Jr., Chairman, President and CEO. “We are delighted to welcome Graham and his colleagues to our growing global team.”
Michael Rea, CEO of UK Retail for Gallagher, said: “Pavey Group is a great strategic fit for our UK business, as a long-established, commercially led, growing regional broker with a strong reputation for client service. Bringing Pavey Group into our UK branch network will not only significantly increase our client reach in the South West and add complementary expertise, it will also strengthen our client offering in other key niche sectors. We very much welcome Graham and the team into the Gallagher group and look forward to meeting the needs of South West businesses together.”
Graham Brown said: “This is an exciting development for our teams at Pavey Group and Gallagher, one that will help us create even more compelling solutions for businesses based in the South West and beyond. Our scale and reputation locally, combined with Gallagher’s national and global reach, will create a winning formula for businesses seeking independent insurance advice and tailored programmes whatever industry or service sector they operate in.”