FR Ball buys Export and General

The move follows FR Ball’s merger with Wessex Business Services to create Wessex Insurance Brokers in October 2022.

The Welsh broker had previously bought a portion of Export and General’s book to add to its existing scheme business in the archaeological and men’s sheds insurance sectors.

We made the transfer of the schemes business easy and transparent, which is a real testament to the entire team at FR Ball and Wessex.

Paul Wadsworth

It was later approached by Export and General to take on the remainder of its book, which had been due to be sold to a larger broker.

The transaction will see Wessex take over management of the business from its offices in Overton, Hampshire.

Paul Wadsworth, managing director of FR Ball, commented: “It has been great to work with Export and General Insurance Services over this time.

“The shareholders offered us the remainder of the business because we made the transfer of the schemes business easy and transparent, which is a real testament to the entire team at FR Ball and Wessex.

“As our third deal in 12 months, our acquisition team are fast gaining experience, with each being totally different. We’re looking forward to the next.”

Expansion

John Mitchell, managing director at Wessex, added: “We have a strong team, and a great brand at Wessex, which will only be made stronger with the addition of Export and General Insurance Services. It will allow us to expand our reach across the London area, as well as our specialist schemes offering.

“The acquisition complements our existing schemes, and will enable us to develop our aviation experience with an existing portfolio and pipeline as part of this acquisition.”

FR Ball is part of Bravo Networks. Its previous acquisitions include Lawson D Jones Consultants, which it bought at the time of the merger with Wessex.

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