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Insurance broker acquires Harrogate company
11:09am Friday 15th March 2013 in Business news
WETHERBY-BASED insurance broker A1 Insurance Services Ltd has acquired Harrogate's John Matthews and Co.
The £50,000 deal takes the head count to seven, and A1 - which celebrates its 30th anniversary this year - is forecasting a turnover of £1.5 million by the end of the financial year.
Managing director Ian Darnbrook said: "We knew John Matthews wanted new owners who could offer their clients the same levels of personal service, and that's always been at the core of our business.
"In the current climate, people want to know the money they invest is safe, and we see our job as being to make sure any premium paid is a sound investment.
"Acquiring John Matthews and Co is a significant move for us, but we're not targeting aggressive expansion. We would certainly hope for more growth in 2013, but it's more likely to be organic."
A1 Insurance Services cover a range of policies, with more than 180 options in the household sector and 250 in private cars. The majority of accounts acquired from John Matthews and Co are in personal insurance.