Mid Sussex insurance broker Bennett Christmas Group (BC Group) has bought a book of professional indemnity business from Howden as part of a three-year plan to double its gross written premium.
The book transfer was as a result of a longstanding working relationship with Howden’s and provides mutual benefits for both companies and the customers.
It is the second acquisition in three months for Burgess Hill-based Bennett Christmas and marks the start of an exciting fifth anniversary year for the firm.
The result of a merger between two well-established family-owned brokers in Burgess Hill, Bennett Dawes and Christmas Insurance, the Group has seen its gross written product almost double, from £6m to £11m since 2010.
"The plan is to grow to £20m in the next three years and a major part of that strategy is further acquisition," said BC Group CEO Mark Bennett.
The Howden business will be managed by BC Underwriting, the Group's specialist professional indemnity insurance division.