Cullum Ventures acquires CCG

by David Masters

Story link: Cullum Ventures acquires CCG

Cullum Capital Ventures (CCV) this week announced that it has acquired Chorlton Cloughley Group (CCG), a Stockport-based company.

CCG’s gross written premiums are almost £9 million. The company is well reputed within the contractors sector.

CCV chief executive, Tim Johnson, said of the acquisition: “CCG is a well established regional business and with our involvement we are confident that the company will continue its progress. This moves CCV to over £150m of GWP and strengthens our growing presence in the North West.”

Their chairman, Peter Cullum, added: “In CCG we have added a well established business with an excellent track record to the family. Our strategy of acquiring and investing in good quality regional brokers continues at a pace and we have a number of further deals in our sights for the first quarter of 2008”

CCG’s managing director Liam Maloney is equally pleased. He said: “The CCV philosophy fits well with the needs of both our customers and staff. The improved access to products and markets will enable us to grow both our contractors account and our traditional customer base.”