BIG Insurance Ltd, trading as Bournemouth Insurance Group (BIG), has been acquired by GRP’s southern hub Alan & Thomas Insurance Group (A&T). Bournemouth-based BIG will remain in their Winton office, and all the team including vendors Jason Hicks and Paul Hicks will stay on under new ownership.
BIG was founded as a family business in 1972 and writes commercial and personal lines insurance including private clients, fleet, commercial property, D&O, cyber and marine (through their own specialist Nationwide Marine Insurance division).
Julian Boughton, A&T CEO, said the latest deal for BIG follows on from the purchase of Aquilla Insurance Brokers in November last year. A&T has acquired 13 businesses since it was founded in 1975, and this acquisition is the third since it became part of GRP in 2017.
He said: “BIG has a local community footprint (A&T are headquartered in Poole), and I have followed their progress closely over the years.”
Julian added: ”Jason, Paul and the rest of the team have a passion to get the very best deals for their customers. I am impressed by the team there and I’m really pleased they have chosen us to support them on their future journey.”
Jason Hicks said: “A&T are one of the leading brokerages in this part of the world, and we share the same commitment to high quality client servicing as they do. A&T and the wider GRP group are the right custodians for BIG and our clients as we look ahead to the future.”
“Becoming part of A&T was the natural step for us to enable us to accelerate our growth and take advantage of the opportunities for high quality broking as the economy emerges from the pandemic.”
The deal has received regulatory approval and the consideration is undisclosed.
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