NW Brown Group has announced an investment in NW Brown Insurance Brokers by One Broker Ltd, owner of Norwich based Knowlden Titlow Insurance Brokers (KTIB). Details of the amounts and financing have not been disclosed but it is understood that the total investment over the next few years will exceed £3 million.
NW Brown Insurance Brokers will continue to operate from its Head Office premises in Regent Street, Cambridge, under the same name, as well as maintain its presence in Norwich.
Commenting on the agreement Alan Kefford, Chairman of NW Brown Group said “This final step is the logical culmination of a long process of co-operation. We bought the KTIB Financial Services operation three years ago and we have co-operated for years in a joint operation called the Eastern Alliance and in other ways, including systems development. Whilst our position in East Anglia as a top quality Financial Services operation is strong I am delighted that we will now have access to better specialist services for our clients via KTIB. We are always seeking ways of improving service for existing clients and of introducing new clients for whom we can provide that high level of service and this closer partnership gives the prospect of doing both for not only the Insurance Broking but also the Investment business.
NW Brown Group chief executive Marcus Johnson explained that modern-day insurance broking consists of highly specialist and niche businesses. KTIB’s expertise includes its widely acclaimed Synergy facility for small business insurance solutions whilst fleet owners and motor cyclists will also find specialist schemes which cater exclusively for them. These will lead growth in the Cambridge office. NW Brown Insurance Brokers’ experience in landlord and tenant insurance from the Cambridge market has been transferred to Norfolk, where an increasing market share is being built on work of recent years in developing economic and innovative solutions for property owners.
Robin Plaster, the new Managing Director of NW Brown Insurance Brokers and owner of One Broker Ltd said “We have both built our firms on high quality advice and efficient execution. I look forward to working with our new colleagues to grow our business in what is perhaps the most exciting area of the Country intellectually, technologically and financially. Our insurance solutions have applications in all areas and I look forward to working with Phil and his team to develop our strong presence in East Anglia. We are confident that the combined skill set of the two firms will make us a recognised leader in our chosen fields. ”
Robin Plaster has become Managing Director of NW Brown Insurance Brokers Limited and Phil Thorpe will join the Board of KTIB. Phil will continue to have responsibility for running the operation on a day to day basis, along with fellow Directors Shaun Lenton and Richard Rampley. In addition John Knowlden will join the board of NW Brown Insurance Brokers.
NW Brown Insurance Brokers is best known for its expertise in the specialist sectors of Education, where clients include colleges and schools, Technology where many Cambridge companies use their help, Financial Liabilities, protecting many local professionals, and Landlord and Tenants (including Listed Buildings) where most larger local property managers take advantage of their schemes.
Marcus Johnson, right, Chief Executive of NW Brown Group with Robin Plaster, managing director of Knowlden Titlow Insurance Brokers outside Pembroke House, NW Brown’s Norwich office.