Ethos Broking has increased its number of regional hubs to 13 with the acquisition of London-based brokerage Chambers and Newman.

The purchase of the brokerage creates a foothold in London for Ethos Broking as the investor continues to expand across the UK. Led by managing director Alan Smith, who will remain in place following the deal, Chambers and Newman handles in excess of £20m GWP with a focus on commercial lines. The team of 21 will all join Ethos Broking as part of the deal and the Piccadilly-based office will be retained.

Richard Tuplin, Ethos Broking managing director, said: “Chambers and Newman are the ideal cultural fit for Ethos Broking and I am thrilled to welcome them as our 13th regional hub. Their strong focus on property owners and bespoke in-house claims handling service makes their proposition unique in the market and further strengthens the wider Ethos Broking group.”

Earlier this year, Ethos Broking acquired Hampshire-based Headley Group as part of a wider programme of acquisition activity during 2021.

Share Story: