Global fintech company Acrisure, has bought insurance broker and risk manager Russell Scanlan, which was established in Nottingham in 1881. Russell Scanlan operates across the commercial sector, serving SMEs up to large corporates. It also caters for private clients. Acrisure said it would announce further UK acquisitions imminently.

Mark McIlquham, president of Acrisure UK Retail, said: “We are excited to work together to continue to grow what has been a fantastic business since inception more than 140 years ago.

“We have enjoyed getting to know the management team and have been impressed by their dedication to their clients and their business.”

Bryan Banbury, managing director of Russell Scanlan, added: “This new move for the business marks significant intent for its future, and one which we feel introduces huge benefits.”

The existing Russell Scanlan management team will remain in place and the firm will continue to operate under the Russell Scanlan brand.

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