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Daily Insurance Industry News
Thursday 18th of October 2018
March 12, 2008

Giles continues regional expansion with three acquisitions

by Gill Montia

Story link: Giles continues regional expansion with three acquisitions

Glasgow-based Giles Insurance Brokers, which was acquired earlier this month by private equity firm Charterhouse Capital, has made three acquisitions.

Since the change of ownership the company has continued its regional expansion programme buying: Midland Risk Management of Birmingham; Robinson Leslie of Chester and DS Howell of Tonyrefail, in Wales.

Midland Risk Management is one of the largest remaining independent commercial brokers in the West Midlands and has been established for 25 years.

Robinson Leslie is a Chester-based commercial lines specialist broker with premium income of around £8 million. The firm began trading in 1982.

DS Howell’s main business is in SME trades and personal lines; premium income is approximately £6 million.

Chris Giles, chief executive of Giles Insurance Brokers says: “The significant investment made in Giles by our private equity partners Charterhouse, has given us the means to realise the company’s potential and really escalate our acquisition drive.”

Charterhouse and Bank of Scotland Corporate have provided Giles with £500 million for an ambitious expansion programme part of which will focus on building a presence in Wales.

 

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