Member Article

York insurance firms merge

Denison Till corporate partner, Alistair Duncan; former owner of Associated Insurance Services (AIS) David Savagar and PB Curran managing director, Ed Curran.

Two York insurance brokers have merged to create one of the biggest independent businesses of its kind in the region.

PB Curran & Co Limited and Associated Insurance Services Limited have joined forces to create a £10m turnover company in a deal advised by York law firm Denison TIll.

The merger will see Associated Insurance Services (AIS) owner David Savagar and his staff move into PB Curran’s offices, and join an expansion drive by the company which will continue to trade as PB Curran.

Managing director of PB Curran, Edward Curran, who will run the enlarged business, says: “This exciting merger creates a stronger team of like-minded staff with a focus on delivering a top-quality service.

“This will enable us to combine our skill and service ethos with value for money by allowing us to spread the cost of regulation and compliance as well as giving us increased buying power with suppliers.

“Absorbing the AIS team will give us greater strength-in-depth and a wider product choice as AIS brings new agricultural facilities which will be made available to PB Curran clients.

“Our priority is to ensure that we retain our traditional values of personal service and client contact as we grow as was instilled in the organization by my father, Patrick.

“This is a very exciting time for us and we have a number of opportunities which we are currently developing.”

PB Curran was founded in 1961 and advises on wide range of commercial insurance and operates a specialist delegated property owners scheme.

AIS was founded in 1984 and has similar services and a client base throughout Yorkshire and Lincolnshire.

David Savagar, who joins the PB Curran management team says: “This merger is good for the clients of both businesses and will help create a solid enterprise which we are confident can continue to expand even in the current tough economic climate.”

Denison Till corporate and commercial partner, Alistair Duncan, who led a cross-departmental team to advise on the merger, says: “We are confident that these two long-established, well-known York business can expand and become an even more significant force in the Yorkshire insurance sector.

“We are delighted to have assisted in their strategic merger.”

This was posted in Bdaily's Members' News section by Tom Keighley .