Needham Insurance Services expands with acquisition of Hinckley Insurance Services

Needham Insurance Services, part of The Broker Investment Group (TBIG), has acquired the business of Hinckley Insurance Services, adding £1.2 million Gross Written Premium (GWP) to the Needham business.

Hinckley Insurance Services has been serving customers in Leicestershire and the surrounding area for more than 30 years, building a strong reputation for providing trusted insurance advice and personal service to both individual and commercial clients.

As part of Needham Insurance Services and the wider TBIG group, Hinckley Insurance Services will benefit from access to a broader insurer panel, an enhanced product range and additional operational support, while maintaining the local service and expertise that clients have come to expect.

The business will continue to operate from its existing Hinckley office, with the current team of four experienced insurance professionals remaining in place to support clients and ensure continuity of service.

Current owner Phill Thomas will remain with the business on a consultancy basis to support a smooth transition and continue looking after clients during the integration process.

The acquisition forms part of The Broker Investment Group’s continued investment in high-quality regional insurance brokers and its strategy of supporting community-based businesses with the scale, resources and insurer relationships of a larger group.

Dave Clapp, Deputy Chairman of The Broker Investment Group, said:

“I am delighted to welcome Hinckley Insurance Services into Needham Insurance Services and, in turn, into the wider The Broker Investment Group family.”

Hinckley has built an excellent reputation over many years through its commitment to clients and the local community. This acquisition reflects our ongoing strategy of supporting strong community-focused insurance brokers while giving them access to the scale, resources and insurer relationships of a larger group.”

I would also like to congratulate Neal Lowe on completing his first acquisition in his new role as M&A Director for The Broker Investment Group.”

Phill Thomas, Owner of Hinckley Insurance Services, said:

“Now is the right time for Hinckley Insurance Services to take the next step in its journey. Becoming part of Needham Insurance Services and the wider TBIG group will allow us to offer our clients an even broader range of products and insurer options, while maintaining the high levels of personal service and local expertise that have always been at the heart of our business.”

I am excited about the future and look forward to continuing to support our clients as part of The Broker Investment Group.”

Editors’ notes:

Needham Insurance Services is part of The Broker Investment Group (TBIG), a growing UK insurance broking group focused on supporting high-quality regional and community-based insurance brokers. Through its network of businesses, TBIG provides clients with local expertise backed by enhanced insurer access, operational support and wider market capabilities.

For further information, please contact Tim Crighton at tim@thebrokerinvestmentgroup.co.uk or call 07920 468493.

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