Giles Insurance Brokers has announced the acquisition of RA Rossborough Limited and its general insurance broking companies.
Rossborough is the largest broker in the Channel Islands and has key offices in Southampton and the Isle of Man. Across the group, Rossborough employs around 180 people.
The company, established in 1936, is one of the country’s leading general insurance brokers with an additional specialism in healthcare.
Giles said the acquisition provides it with a market leading presence in the Channel Islands, a new territory for the group, and further strengthens its branch network in the UK via the addition of Rossborough’s Southampton office.
Chris Giles CEO of Giles, said: “We are delighted to announce the acquisition of Rossborough, a move which will see us expand our business into key geographical locations which have been of interest to us for some time. This is the largest acquisition in our history and reflects the strategic opportunity Rossborough provides both geographically and within the healthcare sector. They are a leading insurance broker with a well regarded brand and we look forward to working with the team.”
Steve Wigglesworth, current chairman of Rossborough who will be remaining as a consultant, said: “Giles is one of the UK’s leading independent brokers and I believe that under its ownership there is significant potential for further development of the Rossborough business. Rossborough is a leading brand the team look forward to growing the business further with the support and infrastructure of Giles.”
Source : Post Online
