Credit insurance and surety specialist Xenia Broking Group has acquired Northampton-based intermediary, Peter Hill Credit and Financial Risks Limited. The Peter Hill team, led by Mark Davison and Dave Smith, will continue to run the business from its current offices. The operation will be rebranded as Xenia in due course.

Tim Coles, CEO of Xenia, said: “Peter Hill’s reputation, client service ethos and sector specialisms are highly complementary to Xenia’s. We are very excited for what the team brings to us as we develop yet further our established expertise. I am delighted to welcome Mark Davison, David Smith and the outstanding Peter Hill team to Xenia.

“The union underlines our strategy to combine with similar independent firms who share our vision to create a driving force for the development and growth of the trade credit and surety markets.”

Mark Davison, director at Peter Hill, added: “This transaction with Xenia is a formative development for Peter Hill and is testament to the strength of our client service, the quality of our business and the expertise of our people.

“We are excited about the future as we embark on a new chapter in our growth strategy with a like-minded partner that understands our strengths, culture, values and focus on delivering outstanding customer service.”

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