Broker Network acquires Thompson & Richardson

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Broker Network has acquired Lincolnshire-based broker Thompson & Richardson.

The network is the UK’s largest for independent brokers with around 550 members and has been established for more than 30 years.

Partnering with them will give Thompson & Richardson (T&R) access to an even wider range of insurance markets.

Established in 1964, T&R now operates from four offices in Sleaford, Boston, Grantham and Lincoln and employs 75 members of staff.

The acquisition will see all staff members stay on at the brokerage.

Chris Travers, Director at Thompson & Richardson Ltd, said: “I am delighted that we are partnering with Broker Network for the next stage of our development.

“Our management team are excited about forging a strong business alliance with a like-minded commercial partner which will enable us to further strengthen what we believe to be an already successful company.

“It was vital for us when choosing a partner that they enable us to maintain our client relationships in the same way we always have and Broker Network was the perfect fit.”

Nick Jewitt, Managing Director at the Lincoln office, added: “We are looking forward to the next few years which we face with great confidence in these competitive times being part of this progressive and customer focused organisation.”