Seventeen Group buys specialist UK regional marine broker

London, UK-based broker Seventeen Group has bought Kent-based marine and marine trade specialist broker Everard Insurance for an undisclosed sum. Everards was established in 1969 and controlled about £10m of gross written premium.

All Everard staff, including managing director Stephen Roper and director Tim Gilbert, will remain with the business and continue to operate out of the existing office.

Seventeen CEO Paul Anscombe said that “the acquisition of Everards is consistent with our strategy of growing and creating specialist lines of business. The team in West Malling are hugely knowledgeable in their field and are ambitious to grow the business. Everards have excellent relationships with their key insurers, which we are keen to maintain and to expand the product range.”