Leicester insurance broker sold to counterpart

Leicester-based Berkeley Insurance Group has been snapped up by Brown & Brown and will become part of the firm’s UK Retail Division

This acquisition marks Brown & Brown’s first brokering deal in the UK since it rebranded from Global Risk Partners in September 2023.

Berkeley Insurance Group, one of the UK’s largest independent insurance brokers, is based in Leicester and has offices in Birmingham, London, and Edinburgh.

Berkeley is known for its work in various areas, including commercial property, construction, financial risks, cybersecurity, private clients and corporate client insurance.

The current leadership team, including chairman and CEO Tim Maxted and finance director Jonathan Yeeles, along with all the staff, will transition to this new arrangement.

The Berkeley brand will remain intact, and the company will continue to operate from its existing offices.

Mike Bruce, CEO of Brown & Brown Europe, said: “Berkeley is an excellent advice-led broker which, under Tim’s leadership, is characterised by strong organic growth, a clear strategy and a highly entrepreneurial, respected management team.

“It brings a number of sector, product and proposition capabilities to our Retail Division in the mid-market customer segment. We are keen to build on Berkeley’s success in this market sector. We will be looking to leverage the Berkeley team’s extensive experience and areas of specialism across our UK operations.”