News

Seventeen Group Acquires East Pennine Insurance Consultants

Seventeen Group Acquires East Pennine Insurance Consultants 1184 540 James Hallam

Seventeen Group has acquired East Pennine Insurance Consultants (EPIC) which trades as Fletcher Smith in Sheffield and North East Insurance Brokers in the North East.

The business was originally formed in 1985 and controls £6.1M GWP. There are 9 staff in total, including Directors Steve Brooke and Simon Walton.

EPIC has a strong presence in the motor trade sector and so will become a ‘centre of excellence’ within the Group for this class of business as well as developing wider opportunities for James Hallam and Seventeen Group in the North.

Seventeen Group CEO Paul Anscombe adds: “I am pleased to welcome the EPIC team. This is our first acquisition in Yorkshire and so represents a huge opportunity to build our presence going forward. We have achieved significant success in developing other regional businesses across the UK and EPIC creates additional value through its extensive motor trade knowledge and experience”

End of Press Release

For more information contact
Jackie Knight Head of Marketing and Media
T: 07824 486319
E: jackie.knight@seventeengroup.co.uk

Press Release – Seventeen Group Latest Acquisitions

Press Release – Seventeen Group Latest Acquisitions 1184 540 James Hallam

Seventeen Group are pleased to announce the completion of two acquisitions this month.

Firstly, we have acquired Wisemans Insurance Services Limited based in Ashford Surrey. This is a general broker employing 9 staff and handling total premiums of £3.5M. The vendors have been known to Seventeen for many years and both parties felt strongly that there would be a good fit. Previously Seventeen have had no presence in West London and so our plan is to retain the Ashford
office and build the branch.

Secondly, we have acquired one of our Partnership Brokers – North West Risk Solutions based in Manchester. The team are strong on real estate and construction and so much of the business will fall within James Hallam’s Real Estate & Construction Division whilst MD Peter Stevenson will be a
great ambassador for the business in his role as business developer.

Seventeen Group CEO Paul Anscombe adds “we are delighted to welcome our new colleagues into the Group. This has not only extended our regional footprint but brought some great talent into our business”.

End of Press Release

For more information contact
Jackie Knight Head of Marketing and Media
T: 07824 486319
E: jackie.knight@seventeengroup.co.uk

Important Notice – Changes to the Motor Insurance Database

Important Notice – Changes to the Motor Insurance Database 1184 540 James Hallam

The Motor Insurers’ Bureau (MIB) is transforming, moving its services to a new cloud-based platform called Navigate. Link here – Replatforming (mib.org.uk)

The first service to migrate is the Motor Insurance Database (MID), with all customer data moving to the new platform by 29 April 2024.

Important

From 22 April, the MIB will reach out to all policyholders who access the MID, sharing a link so you can set up your account on the new platform. To help prevent accessibility issues, please watch out for the email.

You will need to review and update your MID contact information immediately and those with inactive or locked MID user accounts will not receive a link.

Launch weekend

The migration takes place between Friday 26 and Sunday 28 April which means you will not be able to update records until the following Monday when you log onto the new platform.

Changes to user IDs

During the migration process, only one user ID per email address will be carried over, prioritised in alphabetical order. Users with multiple IDs will need to create new ones for additional users, each associated with a unique email address.

Support for your policyholders

To help prepare users for the transition, the MIB has created online training resources including videos and guides:

Policyholder Quick Start Guide
Policyholder User Guide

If you have any questions, please speak to your usual James Hallam contact.

Press Release – Seventeen Group acquires Jannard Quadrant Insurance Brokers Limited

Press Release – Seventeen Group acquires Jannard Quadrant Insurance Brokers Limited 1184 540 James Hallam

Seventeen Group is pleased to announce its third acquisition of the year, Watford based Jannard Quadrant.

The business was owned by Stephen Sweden and Geoff Callaway, both of whom will remain and eventually move into Seventeen Group’s existing Watford office along with the wider Jannard Quadrant team. Total GWP amounts to £3.5M, comprised mainly of commercial business and including a strong Hotel book. Jannard Quadrant have for many years been strong supporters of Seventeen Group’s MGA subsidiary, Touchstone Underwriting.

Seventeen Group CEO Paul Anscombe comments:

“This was a natural acquisition for both parties. We have known the Jannard Quadrant team for many years, we are both based in Watford and there is an excellent trading relationship with Touchstone. The focus on ‘top end’ hotels also fits incredibly well with James Hallam’s specialism in the hotel sector. I am delighted to welcome the team on board”

End of Press Release

For more information contact
Jackie Knight Head of Marketing and Media
T: 07824 486319
E: jackie.knight@seventeengroup.co.uk

Press Release – Roy Standish appointed to James Hallam Board – March 2024

Press Release – Roy Standish appointed to James Hallam Board – March 2024 1184 540 James Hallam

Seventeen Group are pleased to announce the appointment of Roy Standish to the board of broking subsidiary James Hallam with effect from March 2024. Having joined the business in 2019, Standish originally oversaw James Hallam’s Partnership Broker programme before subsequently taking responsibility for Insurer Relationships. Going forward, he will retain these responsibilities but additionally assist on broker M&A as part of James Hallam’s growth strategy.

Speaking about this appointment, Seventeen Group Chief Executive Officer Paul Anscombe adds:

“Roy has been a great friend of Seventeen Group for many years. We were delighted to invite him into the business back in 2019 and now onto the Board. Having previously worked for a major insurer, Roy is uniquely placed to work with our strategic insurer partners to ensure the best outcomes for our clients”.

Roy commented “I am absolutely delighted to be joining the James Hallam Board and look forward to working with our Distribution Partners as well as new acquisition opportunities. It’s a really exciting time as we drive our refreshed Distribution strategy and continue to grow, organically and through acquisitions. I’m really proud to be part of the James Hallam business and helping to build a long term future as a truly independent, specialised regional broker.”

End of Press Release

For more information contact Jackie Knight Head of Marketing and Media
T: 07824 486319
E: jackie.knight@seventeengroup.co.uk

Press Release – Seventeen Group completes two acquisitions – March 2024

Press Release – Seventeen Group completes two acquisitions – March 2024 1184 540 James Hallam

Seventeen Group is pleased to announce the following two acquisitions in March.

Firstly, we have acquired a book of business relating to Hendricks Insurance which is based near St Andrews in Scotland. As part of the transaction, Hendricks owner Ritchie Sherret will be joining Seventeen Group along with his team of four staff. Gross Written Premium is £2.8 million and the book comprises a mix of rural, commercial and private client business. The business will in due course rebrand to James Hallam (Seventeen Group’s broking subsidiary) and will form part of James Hallam’s Scottish regional division led by Regional Director Neil Campbell.

The Division now operates out of five offices across Scotland including two premises in Glasgow and 1 each in Dumfries, Inverness and St Andrews.

Secondly, we have acquired Keith Miller Insurance Services Ltd, a business controlling £2.5 million GWP. Keith Miller has a strong Hotel book, which compliments James Hallam’s Hospitality & Travel team and also handles a number of significant long-standing clients across a variety of sectors. Again, the business will rebrand to James Hallam in due course and the team will attach to the Group’s West Sussex office. Keith Miller will be remaining with the Group to help enable a smooth transfer and takes on an ambassadorial role for the wider business.

Seventeen Group Chief Executive Paul Anscombe comments:
“I am delighted to announce these two important acquisitions for the Group. Both are very complementary and bring on board highly experienced individuals to help achieve our growth ambitions. We have been growing in Scotland over many years and see huge opportunities in this region as an independent broker. With Keith Miller, Keith and his team bring a client service approach which fits incredibly well with us.

Seventeen Group continues to grow both organically and via acquisition. We are committed to a long-term future as an independent with several specialist areas of focus and a strong regional presence.

Our MGA Touchstone continues to develop organically and has long term relationships with major carriers in our various underwriting specialties.

Finally, as a Group, we are slowly expanding our international capabilities in order to both provide a greater geographical reach for our clients and also to support our growing international broker network.”

 

End of Press Release
For more information contact Jackie Knight Head of Marketing and Media
Tel – 07824 486319 Email Jackie.knight@seenteengroup.co.uk

Seventeen Group 2022 Results

Seventeen Group 2022 Results 1310 776 James Hallam

Seventeen Group is pleased to announce our 2022 results.

Overall Group income rose by 19% from £31.2M to £37.2M and adjusted EBITDA increased by 34% from £4.8M to £6.4M. Four acquisitions were made in 2022 and when the full year impact of these acquisitions are taken into account our EBITDA increases to £7.6M.

Whilst acquisitions have long been part of Seventeen Group’s growth strategy, organic growth remains key. The broking subsidiary, James Hallam, has seen the Hospitality Division grow from £2M to £2.6M in the period and the new Events Team (established in late 2021) grew to £628K.

Touchstone, the Group’s MGA established in 2007, saw further growth in 2022 increasing revenue from £5.7M to £6.1M. Gross Written Premium for Touchstone exceeded £50M.

To support our M&A strategy, in 2022 we established a new funding structure with Ares. Whilst one off costs associated with the setup of the facility impacted the annual result, it has given us significant additional long-term financial strength to enable us to deliver our growth ambitions.

Our acquisitions in 2022 were:

CCRS – Commercial broker based in Glasgow with specialisms in Public Sector and Vehicle Dismantlers alongside general corporate business.

Broker Scotland – A Real estate focused broker also based in Glasgow

Bryce Smith & Partners – A High net worth and real estate broker based in West London

Torbay Insurance services – a Torquay based broker which adds to our existing

South West presence in Plymouth and Penzance

Income from the above acquisitions added £1.2M in 2022 and £3.6M on an annualised basis.

Commenting on the results, Group CEO Paul Anscombe adds:

“I am very pleased with the progress that Seventeen Group continues to make in a fast changing market. We have focused strongly on the underlying performance of the business as well as investing in new opportunities and acquisitions.

Our successful strategy of acquiring complimentary, entrepreneurial businesses has continued in the current year with the acquisition of Aim Insurance Services, Mint Insurance Brokers, McGregor Insurance Services and Kestrel Insurance all joining the group. Further acquisitions are expected to complete in the coming months. Our brand, culture and scale continue to attract the highest quality of talent through both acquisition and key staff hires”.

Seventeen Group board appointments

Seventeen Group board appointments 1920 1280 James Hallam

Seventeen Group announce the appointment of Howard Fryer and Ajay Tailor to the Seventeen Group Limited board.

Howard Fryer joined Seventeen Group in 2015 and is the Chief Trading Officer of broking subsidiary James Hallam. He retains this role whilst also stepping up to the Group Board.

Ajay Tailor joined Seventeen Group early in 2023 in his role as Group Chief Financial Officer. In addition to his appointment to the Seventeen Group board, Ajay also joins the subsidiary boards of James Hallam and Touchstone Underwriting.

Group CEO Paul Anscombe comments:

I am delighted to welcome Howard and Ajay onto the Group board. Seventeen Group has significant growth plans in place and these appointments strengthen the business for the opportunities which lie ahead.

Seventeen Group Acquires Mint Insurance Brokers Limited

Seventeen Group Acquires Mint Insurance Brokers Limited 1920 1280 James Hallam

Seventeen Group has acquired Mint Insurance Brokers Limited, with the deal completing 3rd August.

Mint is a City of London based broker, established and led by Brian Bendle and Manjit Gill along with Director Oliver Wharmby, with a Total GWP of £13m.

The business places retail and wholesale business within the London Market and handles a broad range of clients. Specialisms include Professional Liability, Real Estate, Casualty/Contract Works and Medical Malpractice.

Mint has been an AR of Seventeen Group’s broking subsidiary James Hallam since 2020. Mint Managing Director, Brian Bendle comments:

“On behalf of the whole Mint team, Manjit and I are delighted to complete the transition from partner to division of such a vibrant and expanding Group with mutual benefit for both companies”.

Seventeen Group Chief Executive Paul Anscombe comments:

“Brian and Manjit have been known to us for many years and so this is a very natural progression of our relationship. The Mint team bring a huge amount of experience and relationships into the Group and will specifically help us build our London Market presence. Their specialist areas are also incredibly complimentary to our own.

This is our third acquisition this year, having previously acquired Aim Risk Services Limited and McGregor Insurance Services Limited, both on the South Coast of England. Aim is a schemes-based broker and vendor Andy Hearn will be taking a larger role developing schemes within James Hallam. McGregor’s is a travel industry specialist broker which very much complements our existing travel industry specialist division. David McGregor is a highly regarded figure within the travel sector and knows many of the Seventeen Group team already.

Seventeen Group continues to grow both organically and via acquisition. The number of broker transactions in the UK is falling as the number of brokers reduce but there is still a considerable number of firms who want to sell and want to go to a true independent non-private equity-based business where there is a long-term future. We are a firm owned and run by insurance brokers and that is proving to be appealing to a growing number.”

Seventeen Group Announces James Hallam in Scotland

Seventeen Group Announces James Hallam in Scotland 1920 1280 James Hallam

James Hallam held a reception in Glasgow for over 100 guest to outline our plans for expansion in Scotland. We originally established our presence in Glasgow in 2009 and now employ over 80 staff in three offices. The Glasgow offices of CCRS and Broker Scotland have rebranded to James Hallam at the end of June and we have a further office in Dumfries on the site of Queen of the South Football Club.

The reception was hosted by Neil Campbell (Regional Director Scotland) and John Dougherty (UK Head of Corporate) and supported by colleagues from the wider James Hallam business including Roy Standish (James Hallam Distribution Director). The team outlined their plans to grow across a range of Corporate and specialist lines of business and to work closely with the Scottish insurer market, many of whom were present at the event. Further acquisition and recruitment opportunities are being considered for the year ahead.

Speaking about the event Group CEO Paul Anscombe commented:
“We are very proud of our growth in Scotland. It is a great country to invest in and offers opportunity for growth. We have been building our team quietly over the years and now feel that we have a strong story to tell as an expanding true independent. In addition to creating local opportunities for staff, a number of colleagues in Glasgow and Dumfries have taken on wider responsibilities within James Hallam and this has strengthened the business overall”