Brown & Brown (Europe) has acquired Irvine Commercial Insurance Brokers, a Kenilworth, UK-based company known for its specialised insurance broking services to local small and medium-sized enterprises (SMEs).
The financial terms of the deal have not been disclosed, and the acquisition has received the necessary regulatory approvals.
Irvine was founded in the early 2000s by directors John Townsley and Matthew Finch.
It offers insurance products including motor fleet, commercial combined, combined liability and contractors all risks across the Midlands region.
Commenting on the deal, Townsley said: “We are excited to join forces with Brown & Brown Retail Lutterworth, which will allow us to leverage the group’s extensive resources and capabilities, enabling us to provide even greater value to our customers while maintaining our commitment to personalised service.”
Finch added: “Joining the Brown & Brown team marks a significant milestone for our company. We look forward to the opportunities that lie ahead, which will benefit both our customers and our dedicated team.”
Townsley and Finch, along with their staff, will continue their operations from the current Kenilworth location.
They will report to James Birrell, regional managing director at Brown & Brown Europe.
Birrell stated: “We are delighted to welcome John, Matthew and their team to Brown & Brown. Their specialisation and strong customer relationships align perfectly with our values. This acquisition strengthens our presence in the Midlands and reinforces our commitment to serving the insurance needs of SMEs in the region.”
With a history dating back to 1939, Brown & Brown is an insurance brokerage with a global network of more than 500 locations and employs more than 17,000.
Earlier this year, Brown & Brown appointed Stephen P. Hearn as the company’s new executive vice-president and chief operating officer.
