Gravity Risk Services has announced its acquisition of Hagley Insurance Brokers.
Following the acquisition, a team of five from Hagley Insurance Brokers will be transferring to Gravity, bringing the firm’s total number of staff to 30 people across the UK.
“This is a very good move for us and we’re looking forward to working with Gravity,” said a spokesman for Hagley Insurance Brokers. “Gravity has an excellent reputation in the industry with their extensive market access and wide range of services. It is good news for our clients.”
Read more: Gravity Risk Services MD on where he plans to take the business
“Hagley Insurance Brokers is an established business with an excellent reputation and more than 100 years of experience combined,” said Dale Collett, director at Gravity Risk Services. “We all share the same high values in providing the very best service to our clients. This arrangement will also allow us to work closer with KRD financial advisers to support our clients with extended services.”
The acquisition is the latest in a series of expansion moves by the Black Country insurance brokerage. The firm opened branches in Bradford and Leicester in 2017 and 2018, respectively, and moved into a larger office earlier in this year. And, last month, the brokerage brought in six new hires – including three apprentices as it bolstered its commitment to “invest in youth.”
