Giles acquires Midlands-based David Moore

by Gill Montia

Story link: Giles acquires Midlands-based David Moore

Giles Insurance Brokers has acquired David Moore, a West Midlands based corporate insurance specialist, with offices in Wolverhampton and Newport.

The move forms part of Giles’ ambitious expansion strategy which is currently focused on the Midlands and North East England.

The firm has recently acquired Midlands Risk Management of Birmingham and Elliott Garden, a Tyne and Wear-based independent insurance intermediary operating in the general market.

David Moore employs over 30 staff providing a range services for small to medium sized businesses. The firm has a strong presence in the care homes sector.

Following the acquisition, founders David and Jane Moore will remain with the business and support further expansion in the West Midlands region, where Giles intends to become a major player.

Last month, Giles secured funding of £500 million from Charterhouse Capital Partners and Bank of Scotland Corporate.

The investment will help to accelerate Giles’ consolidation of small commercial brokers across the UK.

The group now employs over 600 staff and places in excess of £200 million premium annually. Its ultimate aim is to build a business with £1 billion of gross written premium.