Finch Group has completed the purchase of Paul Jones Insurance Services Limited, which has offices in Southampton and Cowes, Isle of Wight. The broker, is a Willis Network member and currently places around £3.4M Gross Written Premium through the network and on the ‘open market’.
Both branch offices will be maintained and all of the 13 full and part-time staff will continue in their current roles.Outgoing MD, Tony Symons, will remain with the company in a Branch Manager capacity.
Finch Group Managing Director Vincent Gardner commented:
We are delighted to have Tony and his team coming on-board. Paul Jones Insurance, like Finch, is 85% Commercial and follows our high service ethic enjoying a market reputation to be proud of.
We are particularly pleased to expand our branch network onto the south coast and expand our ‘footprint’ in an area that we feel will follow our growth aspirations.
This acquisition, and the April purchase of the commercial and private client insurance portfolio of Atwoods, increase the Finch gross written premium to £20M.