Higos Insurance, part of Global Risk Partners (GRP) and the South West hub for the group, has acquired Web Shaw Limited of Penzance, in Cornwall.
Web Shaw Limited trades as “Jacksons” and has been providing insurance solutions to Commercial and Private Clients since 1923.
Higos said the three owners, Steve Moses, Ian Eccles and David Hosken, and all the staff will be staying with Jacksons after completion, based at the firm’s office in Penzance, and will continue to write business under the Jacksons brand.
Matt Hartigan, Higos MD, said: “Jacksons is a high quality, well-managed local independent broker and just the sort of business we’re keen to work with. It has a long established track record of success with a great roster of clients for both Commercial and Personal lines business, and the deal will add considerably to our footprint in Cornwall.
“Steve, Ian, David and all the team are assured of a very warm welcome from all of us at Higos, and we have high expectations of further building their profile throughout the county. I’m really excited about the prospect of working alongside Steve, Ian, David and the team to help achieve our mutual long term ambitions.”
Steve Moses, who will be the MD for Jacksons under Higos’ ownership, said: “Cornwall is a unique place to do business, and it was important for us that we could partner with a team that understands this. I am confident that we will be able to flourish with the support of Matt and the team at Higos.
“Matt made it clear to us during our discussions how much he values our local focus, and as Higos is the leading retail broker for the South West, the deal is a natural fit in terms of our values and aspirations to take the business to a new level of success in this part of the world.”
The deal has received regulatory approval and the consideration is undisclosed.