The acquired firm specialises in the real estate, construction and leisure sectors
Seventeen Group has acquired specialist commercial insurance broker Titan Insurance Services, bringing more than £5m of gross written premium (GWP) into the group.
Putney-based Titan was founded in 1987 by Basil Tsapralis and specialises in the real estate, construction and leisure sectors.
The broker has grown through high client retention and new business performance, according to Seventeen Group.
Titan will continue to operate under its existing brand following the acquisition and will join Seventeen Group’s real estate and construction division.
Continued growth
The deal will give Titan’s clients access to Seventeen Group’s wider capabilities, specialist expertise and broader insurance and risk management offering.
Read: Arag Law’s personal injury business acquired by Minster Law
Read: TBIG acquires 70% stake in Newark-based £3.5m GWP broker
Explore more M&A-related content here, or discover other news stories here
The acquisition will also provide Titan with access to additional markets and strategic insurer partnerships to support its continued growth.
Seventeen Group said the transaction would enable the broker to expand its capabilities while retaining its existing identity and sector specialisms.
The terms of the deal were not disclosed.
With a background in local journalism, she has previously worked as a freelance reporter covering community stories and gaining valuable on the ground experience.View full Profile
No comments yet