Notts insurance broker swoops for York rival

PIB Insurance Brokers, the Retford trading company of the £7.7m turnover Cook & Mason, has snapped up York-based DE Ford.

D E Ford, which is backed by global asset manager the Carlyle Group, is one of the UK’s largest chartered independent brokers of insurance.

It was established in 1976 with expertise in commercial, religious, charitable and care sectors.

Managing director Chris Greenall and the management team at D E Ford will continue to lead the business following the completion of the deal.

Greenall said: “The investment from PIB will help build on the strong platform and excellent reputation that the business enjoys and all of our team are thoroughly looking forward to the challenge.”

Shareholders of D E Ford were advised by KPMG’s Stewart Cape and Nasim Sharf of Rollits corporate team.