Seventeen Group snaps up Ruislip-based broker

Seventeen Group has bought Middlesex-based broker Pinner Risk Solutions (PRS) for an undisclosed sum, Insurance Age can reveal.

The move follows its deal to buy Ryan’s last week. In an interview with Insurance Age today (10 May), Seventeen Group chief executive officer Paul Anscombe said the business was due to announce two further transactions within the next few days.

PRS was established in 2012 by the current owner and managing director Zena Tebboth and focuses on clients in the construction industry.

The business employs 9 staff out of its offices in Ruislip and brings circa £5m in gross written premium to Seventeen Group.

PRS will continue to operate from Ruislip under the leadership of Tebboth and will become the construction specialist division for Seventeen Group-owned broker James Hallam.

Growth
Tebboth commented: “Myself and the team are looking forward to working under the umbrella of James Hallam.

“We believe this will enable PRS to expand the service and options we provide to our clients and offer a construction speciality within the James Hallam operation.

“As we continue to grow; the larger and more flexible business model will allow us to keep pace with an increasingly complex insurance and risk management environment.”

Anscombe added: “Zena and her team have worked together for a number of years and offer an excellent blend of personal service and sector knowledge for the benefit of their clients.

“Construction is a significant part of the UK economy and is predicted to grow. Bringing PRS on board greatly increases our capability in this sector and offers a wider range of specialist services to our clients.”

For all the latest industry news direct to your inbox, sign up for our daily newsletter.