Saffron Insurance has today announced the purchase of Romford-based independent broker and Broker Network member, C&M Insurance.
The purchase is Saffron’s seventh acquisition since becoming an Ethos Broking partner in 2018.
Established in 1996, C&M Insurance is owned and run by Sunil Shah with 7 additional members of staff, all of whom will remain with the business following the acquisition. The business, which manages £1.6m GWP is a general commercial brokerage with a client focussed culture.
Commenting on the purchase Steve Seekings, Saffron Insurance’s MD said: “This is a fantastic start to the year for us and we’re excited to begin 2020 as we mean to go on. C&M Insurance is a great business and complements our existing commercial offering perfectly. I’m looking forward to welcoming Sunil and the C&M team to Saffron.”
Ethos Broking took a majority stake in Saffron Insurance in 2018 and the broker has since bought Continuum, Grove Insurance, Farmer Insurance, Bridge Insurance, Sharer Chapman and Stuart & Co.