Entrepreneurial Newmarket commercial insurance brokers Yutree, has made its first acquisition with Philip May of Real Insurance Solutions joining the business from 1st December.
Since its formation in 2012, Yutree has developed organically and is now looking for further growth opportunities. Yutree is recognised throughout the UK insurance industry with board members sitting on the main British Insurance Brokers Association (BIBA) board as well as the industry’s professional standards body, the Chartered Insurance Institute’s Society for Insurance Broking. Yutree is BIBA’s approved provider of liability insurance.
The acquisition is a key milestone for Yutree.
Kevin Hancock, Managing Director of Yutree said, “we are delighted to welcome Philip and all the clients of Real Insurance Solutions to the Yutree family at such an exciting time.”
The deal marks the start of Yutree’s next phase of growth which will see the firm exceed £10m in premium turnover in 2019.
Mr May commented, “I am pleased to have joined Yutree as they share very similar values to Real, and I have no doubt that clients will continue to receive impartial advice and first-class service.”
Yutree is a commercial insurance broker with a client-centric focus, talented staff and a desire to support the wider local community.
Next year Yutree will launch a new networking group, the Anglia Business Club, organising events for business owners at landmark locations across Suffolk and Cambridgeshire.