The parent of corporate broker Finch Insurance, based in Manchester, has taken a majority stake in leading Swiss commercial insurance & Employee benefits firm S&P Insurance Group, which is headquartered in Luzern.
S&P Insurance Group specialises in Employee Benefits and Risk Management. It has 50 staff, and handles premiums of €260 million (300 CHF) on behalf of its national and international clients.
Mike Latham, Group Managing Director, at Finch commented: ‘The acquisition of S&P fits perfectly with Verlingue’s strategic expansion plans and further adds to our Group’s international capabilities for Insurance, Employee Benefits and Risk Management for the benefit of our clients. As part of Finch’s 2020 vision, we continue to actively seek acquisitions of commercially focussed Insurance and Employee Benefit brokers in the UK.