Latest acquisition deal announced by Brown & Brown;
Brown & Brown (Europe) Limited (“Brown & Brown”) has acquired 100% of the share capital of HoldCo NHL Ltd, the holding company of Nsure Ltd (“Nsure”), a specialist commercial Chartered insurance broker based in Worthing, West Sussex, with an expertise in renewables.
The business will become part of Brown & Brown’s South East retail broker, Greens, under the leadership of Duncan Coleman. Nsure’s Managing Director Phil Bristow and his broking team will continue to operate in their Worthing office under the existing brand.
Duncan Coleman said the acquisition of Nsure brings significant expertise in the fast-growing renewables sector, as well as a highly competent and experienced team. “Phil [Bristow] has overseen the creation of an exceptional business with a great reputation for customer servicing and a strong presence along the South Coast.”
“It’s great news that they have agreed to become part of Brown & Brown, and I want to extend a warm welcome to the Nsure team; I look forward to supporting them as they embark on the next stage of their development.”
Commenting on the acquisition, Phil Bristow said: “The opportunity to become part of Brown & Brown was too good to miss. I’m confident that we will go from strength to strength during the next phase for the benefit of our people and our customers.”
“The ‘forever company’ ethos that Brown & Brown encourages was a key element in our decision, and I am excited about our future as part of the bigger group.”
The acquisition has received regulatory approval, and the consideration is undisclosed.
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