Independent insurance brokerage, Hugh J Boswell, has become the tenth regional broking powerhouse to form part of the Ethos Broking group. The Ethos Broking group now comprises 10 regional centres and 13 satellites.
Hugh J Boswell Limited is a chartered commercial and personal lines insurance broker based in Norfolk, and currently manages £22 million GWP.
Established more than 100 years ago the company employs 62 individuals, led by managing director Peter Foster, and this workforce will join Ethos Broking as part of the deal. The office premises will be retained, and Hugh J Boswell will continue to trade under its own brand.
“Over the last several years we have concentrated our efforts on building the business organically and as a result of the fantastic team we have in place, the business has gone from strength to strength,” said Foster. “However, we would like to further our growth ambitions and felt that Ethos Broking were the ideal fit for us and will support us in taking the business to the next level.”
Meanwhile, Bravo Group CEO Des O’Connor, head of the group behind Ethos Broking, Broker Network and Compass, commented that he had been “hugely impressed” with the business Foster and his team had built.
“Hugh J Boswell is a well-established business with a great brand, which is underpinned by its reputation for excellent customer service,” he said. “The support and investment from Ethos Broking will bring the added fire power needed to further strengthen the business in East Anglia and beyond.
“Bringing Hugh J Boswell into the fold feels like the perfect way to end 2019. It’s been a hugely successful year for our regional partners and I’m incredibly proud of what Richard Tuplin and the team are continuing to build. Ethos Broking continues to be a force to be reckoned with and we’re excited to move into 2020 with a strong acquisition pipeline.”