Green Insurance Group (Greens) announced it has acquired 100% of the share capital of Manor Insurance Services.
Greens, the south eastern hub broker for Global Risk Partners, will now assume the business of Manor, a retail broker based in Hastings, East Sussex.
Manor currently offers SME and personal lines products including home, motor, charity, business and travel. Owner Ian Mantel and his staff will stay with Manor, and transfer into Green’s regional central office in Bexhill shortly after the acquisition is completed.
The move marks the first acquisition for Greens this year. Last year, the group acquired Millards, Clifton Morley and Reid Briggs. Since Greens became part of GRP in June 2017, the business has successfully completed seven deals.
Duncan Coleman, Green’s CEO, said: “I’m delighted to welcome Ian and his colleagues to Greens. Manor is the latest in a number of targets we have identified and now completed for the South Eastern region, and our appetite for more acquisitions is as strong as ever.”
Mike Bruce, GRP’s group managing director, said: “Duncan is hugely ambitious for Greens to become a major player in the South East of the UK, and he has our full support and backing to continue driving growth organically and by further strategic acquisitions.”
“Greens is the embodiment of our successful hub and spoke strategy and I am confident that, thanks to a strong pipeline, more deals will be announced.”