Bridle makes another acquisition

Bridle Insurance has acquired Southampton Insurance Services and Simple Insurance Solutions in a six figure deal.

It follows the recent acquisition of both Abbot Insurance and AHS Insurance.

Southampton Insurance Services (SIS) and Simple Insurance Solutions have offices within the Southampton Football Club complex at St Mary's.

Current managing director Phil Shephard and his team will relocate to Bridle's Southampton Centre.

Bridle Insurance said that SIS will continue to have an excellent working relationship with Southampton Football Club, with a number of players and management, both past and present, remaining clients.

Southampton Insurance Services offers both personal and commercial insurance, including hard to place sports related risks such as concerts at sports stadiums.

Mr Shephard said: "Having helped set up SIS over 13 years ago and completing a management buyout more recently, it became apparent that we needed the support of a larger company to continue our growth plans. Bridle were the natural and perfect fit for us and all concerned are very excited about the prospect of driving the business forward."

Neil Fox, CEO at Bridle Insurance, said: "Yet again we are delighted to have fought off some well-known respected brokers in acquiring SIS. Our growing reputation on the South Coast played a massive part in persuading Phil to choose Bridle."