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IK Partners (“IK”) is pleased to announce that the IK Partnership III (“IK PF III”) Fund has signed an agreement to acquire a minority stake in Seventeen Group (“Seventeen” or “the Group”), a leading independent insurance and risk management organisation in the UK, from the founding shareholders and management team. This transaction represents IK’s first investment in the UK…

Seventeen Group have acquired four brokers across the UK in October:  UK & Global – A commercial broker owned by James Garrett. James will attach to the Chelmsford office of James Hallam plus retain an existing Cambridge office. Premium income £2M.  Brian Thompson Insurance Consultants (BTIC) – a Gosforth (Newcastle) based business employing 17 staff and controlling…

In light of the unrest and rioting taking place throughout of the UK, we are aware that some of our clients and their businesses may have been affected. We want to do all we can to ensure you are fairly compensated for any loss of earnings. If you have been impacted by the recent disturbances,…

Seventeen Group are pleased to announce our latest acquisition, Midlands based Gen2 Broking, led by Jon Nottingham, Paul Masters and Paul Dudley. Gen2 controls £5M GWP and has focused on corporate clients in the Midlands region and beyond. Seventeen Group CEO Paul Anscombe comments: “Seventeen Group has known Jon Nottingham for many years and sees…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

This time last year the Champions Group was founded by Seventeen Group to drive forward environmental education for staff across the company. The Champions Group is headed up by board members Paul Anscombe, Diana Bratt and Alan Roe, with representatives joining from offices across the UK. The main goal of our Champions is to provide…