Takeover puts specialist insurance group on course to double in size over three years

February 3, 2023

Bristol insurance specialist the Hayes Parsons Group has strengthened its position in the market with the acquisition of professional indemnity insurance broker Ntegrity Insurance Solutions.

Based in Hambrook on Bristol’s outskirts and established in 2007, Ntegrity is a specialist professional indemnity insurance broker. 

Hayes Parsons, one of the UK’s leading independent providers of specialist insurance and risk management services, said the move took its gross written premium to more than £27m and fits in with its plans to double in size over the next three years.

Employing 45 staff and with more than 55 years’ experience in the insurance market, the Hayes Parsons Group serves clients on a local, regional, and national basis.

The three companies in the group – Hayes Parsons Insurance Brokers, Admiral Marine and CMTIA – specialise in providing insurance to private clients as well as for the marine trade and yachts, independent schools, technology and life science ventures, property investors and museums.

It completed its first acquisition, Salisbury-based yacht underwriting agency Admiral Marine in 2018 and since then has doubled in size organically.

In 2021 it took over Combined Market Traders Insurance Association (CMTIA), which had previously operated as an appointed representative of Hayes Parsons

Hayes Parsons managing director James Woollam said: “After an amazing 2022 with record-breaking growth, I am delighted to start the year by welcoming such a high-calibre team to the group, bringing with them new expertise which will help us hit our objectives of being considered the broker of choice for clients within our specialist areas and being the most significant independent broker in the South West.”

Ntegrity will continue to be led by managing director Gary Horswell and the team will work alongside Hayes Parsons Insurance Brokers, Hayes Parsons’ insurance broking arm.

Gary said: “I have known James and his team for a number of years, and so when we started considering our future, this partnership made complete sense.

“I am excited that in combining our businesses we will be able to offer our clients access to an even wider group of services.

“I wanted to find a company I could trust to work with the Ntegrity team and help them continue the great work they do, and in Hayes Parsons I believe we have found the perfect partner.”

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