Primary acquisition double may be repeated in first half
Commercial underwriting agency Primary Broker Services and Primary Group subsidiary Vega have comple...
Commercial underwriting agency Primary Broker Services and Primary Group subsidiary Vega have completed one acquisition each, representing a collective premium income boost of £18m for the group.
The purchase of Birmingham-based Jobson James & Associates by Vega is its fourth and largest since it was set up in 2003 and, with a gross written premium of £16m, takes the Vega group of companies' GWP to £40m. The senior team, which also comprises the major stakeholders, plus 40 staff will remain.
Simul
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