Invicta acquires four portfolios
by Gill Montia
Story link: Invicta acquires four portfolios
Invicta Insurance Services has acquired four entire portfolios, one from each of the following firms:
London & Southern Securities, a Cranbrook-based business selling a portfolio of high net worth and property owners’ policies.
Rees & Paddock Wood Insurance Services, a Welling-based firm disposing of predominantly property owners’ and small commercial policies.
Investment & Insurance Services, a Northfleet-based broker with the bulk of its portfolio household and property owners’ policies.
Burgess Insurance Services, a Burgess Hill-based firm which has sold its personal lines portfolio.
In future, all the acquired policies will serviced from Invicta’s head office in Sevenoaks.
The recently launched consolidator has made six acquisitions in three months and managing director, Steve Gamage, comments: “We are delighted that we have been able to secure such good quality acquisitions at this early stage in our development and we will work hard to maintain the excellent service levels that the customers have received to date.”