Credit insurance and surety specialist Xenia Broking Group has agreed to acquire the trade credit business of Status Credit Insurance Brokers Limited, which is based in East Sussex. The transaction is expected to complete next month. Xenia will integrate Status’s trade credit business with its regulated entity Credit Risk Solutions Limited.

Tim Coles, CEO of Xenia, said: “This is a complementary acquisition for us, one which extends and improves our client reach and service offering. Lance Attwell, founder and managing director of Status has built over many years, a business which has an enviable reputation for client engagement, service quality and client retention.”

Attwell added: “Xenia is a natural home for Status. We have common values and a shared passion for service and the success of our clients. Xenia is an ambitious company with challenging yet achievable plans, plans which are founded on delivering world class outcomes and outstanding customer service.”

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