Cullum Capital Ventures has further strengthened its presence in northwest England with the acquisition of Liverpool-based Ajax Insurance Brokers, the Insurance Times has reported.
Ajax has an excellent trading history and a long-established client base in the northwest. With a GWP of GBP3 million, this moves Cullum Capital Ventures (CCV) to over GBP70 million and strengthens our presence in the area, said CCV chief executive Tim Johnson as cited in Insurance Times.
Insurance Times also reported David Bunting, managing director of Ajax, as saying: We considered a number of potential homes for our business and felt that CCV was ideal for our customers, staff and equally importantly the ongoing development of the company.
The chairman of CCV, Peter Callum, was also reported as saying that the deal would help its shareholders and staff build successful businesses for the benefit of its customers and staff.