With effect from 21 April 2009 Barbon Insurance Group Limited(www.barbon.com) has acquired Zennor Limited, the Central London based property and commercial insurance specialist Managing General Agent.
Managing Director of Barbon’s Property and Commercial Division, Nick Sharp, commented that: – “Bringing the Zennor MGA into the Group is both an excellent strategic and tactical acquisition for Barbon”.
Martin Oliver CEO Barbon Insurance Group added “This acquisition is a real vote of confidence from our owners and sends a clear message to our staff, customers, insurers, and competitors that Barbon is hungry for growth and securing our customers the very best product and cover”
Zennor are the largest provider of property stock insurance to Barbon’s Social Housing brand, ‘FARR Insurance’, the leading Broker in the Residential Social Housing sector.
This key strategic acquisition demonstrates Barbon’s strong commitment to expand its presence in the RSL sector over the long term and this vertical integration will allow FARR Insurance and Zennor to work closer together in enhancing our value added insurance products to this important sector to Barbon”.
Zennor will continue to operate as a stand alone business unit within the Barbon Group from its offices in London and Simon Perry, Underwriting Director at Zennor commented, that: – “The coming together as part of the enlarged Barbon Group is a natural positive progression for the Zennor brand. Our team at Zennor are looking forward to working even more closely with the team at FARR and the other brands within the Barbon Group”.
