What's Happening?
The Broker Investment Group (TBIG) has completed its fifth acquisition of 2025 by purchasing KSL Thomas and Co., a commercial insurance broker based in Essex, UK. KSL Thomas, which has been operational for over 63 years, manages approximately £2 million in gross written premium (GWP). Despite the acquisition, the KSL Thomas brand, team, and premises will remain unchanged, with director Rex Thomas continuing to lead the business. TBIG aims to leverage its buying power and partnerships to support KSL Thomas's growth. This acquisition is part of TBIG's strategy to strengthen its presence in Essex, following its investment in Chelmsford-based Callaway’s Insurance last year.
AD
Why It's Important?
This acquisition signifies TBIG's strategic expansion in the UK insurance market, particularly in Essex, where its regional GWP now exceeds £10 million. By integrating KSL Thomas into its operations, TBIG aims to enhance its market position and service offerings. The move reflects a broader trend of consolidation in the insurance industry, where larger groups acquire smaller firms to increase market share and operational efficiency. For KSL Thomas, joining TBIG provides access to greater resources and support, potentially leading to improved service delivery and business growth.
What's Next?
TBIG plans to continue its growth strategy by exploring further acquisitions in the region. Simon Lewer, regional managing director at Callaway’s Insurance, will oversee the integration of KSL Thomas and drive the growth of both businesses. The focus will be on sustainable growth and partnership, aligning with TBIG's mission to invest in and develop regional brokers. The acquisition may prompt reactions from competitors in the insurance market, potentially leading to further consolidation or strategic partnerships.
