Insurance brokerage company Verlingue is set to strengthen its employee benefits division by purchasing Brunsdon Employee Benefits.
The move is set to see the Surrey-based company extend its sector capabilities in the SME and mid-corporate market.
The deal, which is still subject to regulatory approval, follows on from Verlingue announcing the launch of a general insurance office in Birmingham covering the Midlands and South West.
Mike Latham, CEO, Verlingue commented: “This is an exciting acquisition for Verlingue which not only expands our footprint in the employee benefits market but builds on our recent expansion as a group in the Midlands and South West. Our strategy is to continue to grow our employee benefits operation.”
The purchase also aligns with Verlingue’s 2024 strategic plan to create a major European, family-owned, independent insurance broker and has reinforced its ambition after the acquistion, early july, of INSER, one of the leading independent players in the Italian insurance brokerage market.
The whole of the Brunsdon Employee Benefits team will join Verlingue as a part of the deal and current managing director, Sebastian Merritt, will take the opportunity to relinquish previous operational responsibilites and will now concentrate on expanding and delivering Verlingue’s Multinational, Major Client and Partnership propositions.
Seb Merritt, incoming Head of Employee Benefits, Verlingue said: “The whole of the Brunsdon Employee Benefits team are excited about joining forces with Verlingue as we truly believe that our improved scale and service capabilites will benefit our clients and colleagues immensely.”
It is expected that the buyout will significantly enhance Brunsdon Employee Benefits’ scale and service capabilities, leading to a host of increased benefits for everyone its clients.
Marcus Gomery, Managing Director Brunsdon Financial said: “On behalf of the entire team at Brunsdon Financial, we extend our heartfelt congratulations to Brunsdon Employee Benefits and Verlingue on this exciting partnership.”
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