Verlingue has introduced the acquisition of Gloucester, England-based Brunsdon Worker Advantages, an independently owned worker advantages specialist.
The deal, topic to regulatory approval, helps Verlingue’s latest enlargement within the Midlands and Southwest and considerably boosts its worker advantages capabilities within the SME and mid-corporate market. Monetary particulars of the deal weren’t offered.
The acquisition aligns with Verlingue Group’s 2024 strategic plan to create a serious European, family-owned, impartial insurance coverage dealer and has bolstered its ambition after the acquisition, early July, of INSER, one of many main impartial gamers within the Italian insurance coverage brokerage market.
Brunsdon Worker Advantages supplies schemes and recommendation to a broad portfolio of purchasers within the Southwest and throughout the UK.
The entire of the Brunsdon Worker Advantages group will be part of Verlingue as a part of the deal and present Managing Director Seb Merritt, will tackle the function of head of Worker Advantages reporting into CEO Mike Latham.
Mark Pugh, presently head of Worker Advantages, will take the chance to relinquish earlier operational duties and can now consider increasing and delivering Verlingue’s multinational, main shopper and partnership propositions.
The acquisition follows sizzling on the heels of the launch of a brand new normal insurance coverage workplace in Birmingham overlaying the Midlands and South West.
“That is an thrilling acquisition for Verlingue which not solely expands our footprint within the worker advantages market however builds on our latest enlargement as a gaggle within the Midlands and South West. Our technique is to proceed to develop our worker advantages operation,” commented Mike Latham, CEO, Verlingue.
Verlingue Ltd. employs over 170 workers in workplaces in Manchester, Redhill, and Egham, in addition to the London market. (It’s headquartered in Redhill, England). It helps small company/giant SMEs for normal insurance coverage, worker advantages and danger
administration companies throughout a spread of specialist sectors. The enterprise is owned by French dad or mum firm Verlingue, an impartial insurance coverage dealer that employs greater than 1,000 folks with workplaces in France, Portugal, Switzerland, Nice Britain, Italy. Primarily based in Quimper, France, it locations premiums in extra of €2 billion.