Partners& has acquired Hull-based broker STP Risk Solutions. Richard Storey established the firm in 20216. It is a general brokerage with a focus on property and a team of five. Partners& said the acquisition would strengthen its presence in the North East and add specialist skills to its existing operations.

Phil Barton (pictured), group CEO of Partners&, said: “I liked Richard from the moment I met him. He’s developed a well run, solid business with a great team. From a cultural, values and client perspective, Richard and the team will blend in nicely to Partners&.”

Storey added: “From the moment we met Phil Barton and Simon Haynes, we knew this would be the right move for us. It’s not easy for a smaller broker to navigate the challenges in our market and continue to grow, but with the support from the wider Partners& business, I’m confident we can realise our ambitions.”