Seventeen Group is pleased to announce the acquisition of Senate Insurance Brokers, a Gibraltarbased insurance brokerage specialising in Corporate Insurance, Property, Professional Indemnity and International Corporate Healthcare.
Founded in 2019 by Kevin Hook, Chief Executive Officer, and Nicholas Pecino, Chief Business Officer, Senate Insurance Brokers has rapidly established itself as a respected adviser within the Gibraltar market and currently manages approximately £3.8 million in Gross Written Premium (GWP).
The transaction is also expected to drive collaboration across Seventeen Group’s specialist divisions, including Marine, Property, High Net Worth and Touchstone MGA. Through the introduction of the Group’s established expertise, product capabilities and technical knowledge into the Gibraltar market, the acquisition presents significant opportunities for cross-selling, upselling and accelerated growth.
Commenting on the acquisition, Oliver Thorne CEO Seventeen Group
“I am delighted to welcome Kevin, Nick and the team to the Group. Their dynamic and entrepreneurial approach coupled with our Group’s expertise creates an exciting platform to build the leading broker for clients in Gibraltar and southern Spain”
Nicholas Pecino FCII, Chief Business Officer and Kevin Hook FCA, Chief Executive Officer of Senate Insurance Brokers commented
“Joining the 17 Group and James Hallam marks an exciting new chapter for Senate Insurance Brokers. It’s a partnership built on shared values, exceptional people and a commitment to putting clients first. By combining Senate’s expertise with the wider capabilities of the Group, including specialist knowledge, enhanced resources and direct access to the Lloyd’s of London market, we are even better positioned to support our clients while staying true to the personal approach that defines our business. We are delighted to become part of the 17 Group and James Hallam”
End of Press Release.
For more information please contact
Jackie Knight – Group Marketing and Events Director
