Swansea-based Compare Insurance Ltd has finalised its swoop for Middlesex broker Churchill Insurance Consultants R & L Ltd.
Without disclosing financial terms of the acquisition, Compare Insurance managing director Mark Thomas said he is “delighted” to announce the completion of the deal – which, according to Companies House filings seen by Insurance Business, changes the purchased firm’s name to Compare R&L Ltd.
“We look forward to providing their clients with the Compare experience and welcome their experienced insurance team members into the Compare family,” stated Thomas in a LinkedIn post on Tuesday evening.
“Special thanks to Gideon Spector for his assistance in this process and Inger Anson at HCR (Harrison Clark Rickerbys Solicitors) for her legal advice.”
Filings show that Spector, along with Clive Sladen, ceased to be a director and person with significant control of Churchill Insurance Consultants R & L Ltd in October. The company’s new Welsh owner came to life in 2008 and specialises in SME insurance.