Bluefin acquires St Albans broker
by Gill Montia
Story link: Bluefin acquires St Albans broker
Bluefin is acquiring Gilbert Business Insurance Brokers (GBIB).
The St Albans-based intermediary has been a member of Bluefin’s network since 2008 and places £2.5 million in premiums annually.
The firm will eventually relocate to Bluefin’s Milton Keynes office, with integration taking place over the next twelve months.
GBIB founder Geoff Gilbert comments: “We are a very successful business and I think the time is right to join a larger company so our clients can benefit from additional resources and economies of scale.”
Bluefin has recently embarked on an ambitious acquisition programme that spans the next three years.
The AXA-owned broker already has over 50 branches and is keen to expand into a number of regions, including the South West, Wales, the East Midlands and Northern Scotland.