Bluefin announces its first two acquisitions of 2014
Bluefin today announces it has acquired Staines Insurance Consultants Limited and World Wide Sports Insurance.
World Wide Sports Insurance (WWSI) is a Norwich-based specialist sports and commercial insurance broker. The acquisition, which completed in January, will see the majority of the broker’s business integrated into Bluefin Sport – a specialist division of Bluefin providing award winning insurance and risk management solutions to the world of sport. WWSI’s portfolio of general commercial insurance will be handled within Bluefin’s Commercial Division.
Staines Insurance Consultants Limited is a Middlesex-based firm that offers a range of insurances including motor trade, maritime and commercial property. The acquisition was completed in February and the business will move into Bluefin’s Ashford office, to become part of Bluefin’s Commercial Division.
Huseini Jaffer, Director at Staines Insurance Consultants Limited, said: “Bluefin has an excellent reputation in the industry and we are delighted to become part of the group. Being part of Bluefin presents a number of opportunities. Access to a broader base of support and expertise will enable us to deliver an enhanced range of services to our clients.”
Mike Bruce, Chief Executive officer of Bluefin, commented: “We are extremely pleased to have completed these two acquisitions early in the year, especially as they are high quality businesses that complement our existing offering.
Throughout 2014 we will be increasing our acquisition activity and intend to capitalise on the growing momentum by continuing to consider well run, small to medium-sized businesses.”