The Broker Investment Group increases their investment to 80% of Chartered Insurance Broker PHP insurance

The Broker Investment Group increases their investment to 80% of Chartered Insurance Broker PHP insurance.

PHP Insurance is based in Macclesfield, Cheshire and has been a Chartered Insurance Broker since 2009 and is run by Directors Jullian Shawcross and Andy Tyrrell. The GWP is £5.5million across general commercial insurance, with a large property portfolio.

Both Jullian and Andy remain shareholders in the business and continue in their current roles running the business day to day post deal, and they will be ably supported by the exceptional team.

Dave Clapp, CEO of The Broker Investment Group, comments: “We have long been impressed by the professionalism and recent growth achieved by PHP and we see great potential to work with the team on that continued expansion. I am delighted that both Jullian and Andy have retained shares in the business enabling them to share in the future success we can create together.

Jullian Shawcross said “Having reviewed our different options for the future of the business we decided that the best long-term partnership was The Broker Investment Group. It enables us to push forward with minimal change and be supported by the strength of TBIG. We have watched as they have strengthened their team in the last 12 months so there are plenty of experienced people we can tap into.

In particular, PHP Insurance are seeking insurance broker acquisitions in the North-West region.

Our business is built around our great people, and we know the support provided will ensure their continued development as well as helping to attract new people to drive further growth.

Jullian Shawcross (left) and Andy Tyrrell (right), Directors of PHP Insurance

Andy Tyrrell commented: “Having met with Dave several times over the last few years, he made it clear from day one how keen he would be to increase their stake in the business. This transaction enables us to de-risk our hard work thus far, but by retaining a shareholding which ensures we can still share in the success of the future. We look forward to working even closer with the TBIG team and continuing to grow the business.

This is The Broker Investment Group’s fifth deal already in 2024 and Andy Roden CEO retail said.

“It is exciting to bring another great business in PHP Insurance to a majority ownership, we have a great group of brokers in the North-West and TBIG are becoming a real powerhouse. We have another couple of acquisitions to complete before BIBA in mid-May and look forward to working together with all our businesses on delivering continued growth.”

Andy Roden – CEO – Retail – The Broker Investment Group