TBIG initiates 2025 mergers and acquisitions strategy – Insurance Age
Beam Insurance Solutions, a subsidiary of The Broker Investment Group, has initiated a merger and acquisition campaign aimed at 2025. The latest acquisition by Beam is KDH Insurance Brokers, a reputable firm based in Bridgnorth. With 19 years of experience in the industry, KDH specializes in commercial lines insurance with a dedicated division for private clients. This strategic move has added £4 million of gross written premium (GWP) to Beam’s portfolio, elevating its total GWP to £20 million.
Despite the recent acquisition, Beam is optimistic about its growth trajectory and aims to achieve a GWP of £25 million by 2027. This ambitious goal is supported by the decision to retain all six staff members of KDH, ensuring a smooth transition and continuity of service. These employees will continue to operate from the same office, maintaining the existing customer relationships and service standards.
The acquisition of KDH has also expanded Beam’s presence across the Midlands region, with the addition of a fourth location in Brierley Hill. This strategic expansion enhances Beam’s reach and market penetration, further solidifying its position as a key player in the insurance brokerage sector.
The successful integration of KDH into Beam’s operations underscores the company’s commitment to growth and innovation in the insurance industry. By leveraging the expertise and resources of both entities, Beam is well-positioned to deliver enhanced services and value to its clients. This acquisition aligns with Beam’s strategic vision for expansion and diversification, allowing the company to capture new opportunities and strengthen its competitive position in the market.
As Beam Insurance continues to execute its growth strategy, it remains focused on delivering exceptional service and value to its clients. With a strong foundation and a clear vision for the future, Beam is poised for sustained success and growth in the dynamic and competitive insurance landscape. By capitalizing on strategic acquisitions and partnerships, Beam is well-equipped to navigate market challenges and capitalize on emerging opportunities, driving long-term value for its stakeholders and clients alike.
