Cullum Capital Ventures (CCV), a UK-based insurance intermediary, has acquired Welsh broker Antur Insurance, for an undisclosed sum.
CCV said along with existing businesses in and around Cardiff, the acquisition of Antur gives the firm strong market presence in Wales.
With gross premiums of GBP25m comprised predominantly of commercial lines business as well as a personal lines book.
CCV has acquired 80% of the business with the Antur management team retaining the remaining 20%. All staff will be retained.
Antur Insurance chairman John Knox said their customers will continue to be looked after locally by Antur Insurance, but now with the broader offering and buying power of a large UK broking group behind the firm.
CCV is an insurance intermediary groups with nearly 750 people in more than 40 locations across the UK. The coverage also enables the broker to offer the substantial backing of a national company coupled with local service of the regional brokers and underwriters.