Cullum buys stake in Smith & Pinching's Norwich business
Cullum Capital Ventures has announced an investment stake into the general insurance business of Norwich based broker Smith & Pinching. The business, with a GWP of £13m, has a household scheme portfolio as well as a book of commercial and personal lines business, and represents about one third of the Smith & Pinching Groups business portfolio.
Tim Johnson, chief executive of CCV said: “We have taken a strategic investment in Smith & Pinching, a deal structure which works well in partnership with the existing management team as well as
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