Belfast firm snaps up a broker in Yorkshire for second time
A Belfast insurance and risk management firm has snapped up a broker in Leeds for an undisclosed sum.
Willis IRM has bought Hale Kavanagh Insurance Brokers, two years after buying another firm in Hull. The latest deal brings Willis IRM's gross written premium presence in Yorkshire to £10m, out of its total GWP of £45m.
Hale Kavanagh, which specialises in general insurance broking, has been operating since 2011 and employs 10 people. It's to begin trading under the 40-year-old Kennett brand.
Willis IRM group managing director Richard Willis said: "We're very excited to be furthering our business outside Northern Ireland with the acquisition of Hale Kavanagh Insurance Brokers.
"Over the last four years, our firm has grown significantly with staff numbers trebling during that time to 108, something which we are very proud of.
"It also highlights our growing client base across the UK with our Kennett Insurance brand, all of which have access to our full-service offering of risk management, health and safety, financial services and employment law."
Luigi Maggio, managing director of Kennett, said: "Hale Kavanagh, Kennett and Willis IRM all share high level service-orientated values and as independent brokers we strive to put the customer first. Leeds is the UK's fourth most populous region and the major financial and commercial hub in West Yorkshire with a diverse economy, making it an ideal location to expand our expertise and breadth of services."
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Mr Willis said it would continue to seek other acquisitions.