Brunel Professional Risks Ltd has acquired Professional Indemnity Insurance Brokers Pinsure Ltd and PI4U Ltd.
Pinsure Ltd, Based in West Sussex was established in 2004 as a specialist PI Broker. Kevin Locke, managing director and founder said: “It is a great opportunity to work with Brunel as they are a breath of fresh air in the industry. They are not one of the fastest growing PI Brokers by accident. I believe that their success is driven by their ability to provide their clients with an excellent service, and comprehensive cover.
“I look forward to working with them and I am confident Brunel’s involvement will complement our Clients and Brokers.”
Managing Director of Brunel, Russell Lane said: “The acquisition fits squarely with our strategy of making the right acquisitions and will further strengthen Brunel’s buying power with Insurers, which will benefit both Brunel and Pinsure/PI4U clients and Agents.
“It is a complementary deal, playing to both of our strengths and will add even more value across the group. This transaction underlines our confidence in our business and our determination to grow as a strategically central component of Brunel.”