Deal follows its buy of Ashgrove Insurance coverage Providers final month.

The Bollington Wilson Group has purchased Harrogate-based insurance coverage dealer Prophet Commerce Credit score for an undisclosed sum.

This follows its deal to purchase North West-based SME specialist Ashgrove Insurance coverage Providers in January.

Established in 2001, Prophet specialises in commerce credit score insurance coverage, debt restoration and credit score info. 

Bollington Wilson said that the transaction provides six employees and over £4m GWP to the steady of firms now below Bollington Wilson possession.

It added that it expects to make additional acquisitions this 12 months.

Bollington Group merged with Manchester-headquartered F Wilson Insurance coverage Brokers after securing funding funds from personal fairness agency Inflexion in November 2017.

The group now employs over 400 employees and writes in extra of £170m gross written premium.

Paul Moors, chief government officer of Bollington Wilson, defined that the agency’s technique is so as to add complementary companies to the group.

Specialist
He described Prophet as “an ideal match”, noting: “Including Prophet to the Bollington portfolio provides our company shoppers entry to the commerce credit score insurance coverage market and specialist recommendation on the total vary of choices when contemplating how finest to handle their commerce credit score dangers.

“It enhances the present services we provide to companies of all sizes.

“We welcome David [Encell] and the Prophet workforce to the group and look ahead to working with them.”

David Encell, managing director of Prophet Group, commented: “We profit from becoming a member of one of many largest unbiased insurance coverage brokers within the UK, offering our shoppers with entry to a wider vary of services.

“We all know that Prophet has a vivid future as a part of Bollington.”

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