Cullum Capital Ventures has recently announced its acquisition of Three Counties Insurance Brokers, a commercial insurance broker based in the Midlands.
A general insurance broker based in Stratford-upon-Avon, Three Counties offers personal and business insurance lines, with specialities in providing professional liability insurance cover for medical malpractice. Cullum Capital Ventures chief executive, Michael Ray, expressed his delight with the new move, as the insurance intermediary will now be turning their attentions to growing the existing book of business, with an eye towards folding further local acquisitions into Three Counties in order to aid it in achieving its targets for growth.
Three Counties staff members will remain with the broker, including Gareth Millard, managing director for Three Counties. Martin Lloyd, the broker’s finance director, will serve in his position for an additional 12 months before retiring from the business.
Three Counties approached CCV in order to gain broader market access, said Mr Millard. The broker wanted to boost its business potential and gain a more comprehensively supported marketing department, the managing director said.
Mr Millard also praised the flexible partnership approach that CCV has taken to the acquisition process. The managing director of Three Counties had nothing but positive things to say for CCV permitting Three Counties to continue using its brand, as it has a high level of importance for its local customer base.
Mr Millard also said that both he and the rest of the Three Counties staff are quite excited about the future of their broking firm, thanks to the financial support and strength now behind them, thanks to Cullum Capital Venture’s acquisition.