Seventeen Group has announced that it has acquired Middlesex-based Pinner Risk Solutions (PRS) for an undisclosed sum.
PRS was established in 2012 by its current owner and managing director Zena Tebboth with a focus on clients in the construction industry.
The business employs nine staff out of its offices in Ruislip and handles a circa £5m gross written premium.
The group will continue to operate from Ruislip under the leadership of Tebboth, it will also become the construction specialist division for James Hallam, an insurance broker that is part of Seventeen Group.
Tebboth said: “Myself and the team are looking forward to working under the umbrella of James Hallam. We believe this will enable PRS to expand the service and options we provide to our clients and offer a construction speciality within the James Hallam operation.
“As we continue to grow; the larger and more flexible business model will allow us to keep pace with an increasingly complex insurance and risk management environment.”
Paul Anscombe, CEO, Seventeen Group, added: “Zena and her team have worked together for a number of years and offer an excellent blend of personal service and sector knowledge for the benefit of their clients.
“Construction is a significant part of the UK economy and is predicted to grow. Bringing PRS on board greatly increases our capability in this sector and offers a wider range of specialist services to our clients.”