Further Expansion for A&T
Local insurance specialists Alan & Thomas have started 2015 in positive mood by acquiring another new office. Hot on the heels of two broker acquisitions in Dorchester during the second half of 2014, the Poole-based broker has now acquired Bennetts Commercial Ltd based in Basingstoke.
This acquisition takes the broker to five offices across the South of England and will see them now manage in excess of £30 million in gross written insurance premium for businesses and private individuals across the UK.
Bennetts will continue to trade in their own name initially and their existing team of ten staff will all be retained and led by Director Carole Lowe, who has been with the Basingstoke broker for five years.
Founded in 2002 by Phil Casement following a management buyout of the commercial division of Bennetts GB Ltd, Bennetts Commercial provides risk management advice and bespoke insurance solutions for a wide range of businesses throughout Hampshire and beyond.
"As a team, we are delighted to become part of the Alan & Thomas Group. We have witnessed over recent years how they have grown their business and profile, and we are looking forward to working with them to build an even more successful office in our region" said Carole.
Chief Executive Officer of Alan & Thomas, Julian Boughton, is equally thrilled with the news, "To begin 2015 by adding Bennetts to the A&T Group is a great coup for us. We were well aware of the solid business that they had built since 2002 and we are looking forward to working with the team in Basingstoke to grow the business even further".
"By expanding into Hampshire, we can now offer our products and services to businesses and private individuals in the Hampshire and M3/M4 corridor area in a more focussed way. This is another step in our plan to create an even larger hub office footprint in the South of England".
The Poole-based broker, the only independent to have achieved Chartered Insurance Broker status in Dorset, was advised on the acquisition by Princecroft Willis Accountants and Frettens Solicitors.