Broker Oval has made its twentieth acquisition: GWP for both businesses is £7.6m

Broker Oval has made its twentieth acquisition in where they have increased its presence in the Midlands with the purchase of Martin and Pethard and its associated company called Premier. Martin and Pethard is in fact the longest established broker in Redditch with a great deal of clients across various industries.

Premier who is a specialist broker who deals with the provision of insurance protection for social clubs, this indeed combined GWP for both businesses is £7.6m. Oval and their West Midlands offices have now combined a stunning turnover of £9 million which makes Oval a dominant insurance broking and financial services group within the region.

Peter Westwood the managing director of Martin and Pethard said that over the last 3 years there has been a significant change in the UK insurance market which has u=indeed made it quite difficult for small independent brokers to compete. Their answer to this was to join forces with a larger company and as part of Oval our clients will still receive the highest level of great service and of which will also benefit from Oval’s strength and buying power in the market place.

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