Insurance group buys Exeter broker

A Devon-based insurance and financial services company has bought an established local insurance broker to expand its operations in Exeter.

Pavey Group, which has offices in Torquay and Exeter and employs 90 people, has bought Buddens Westinsure, founded in 1985, as part of the group’s on-going growth strategy. The deal was completed in March.

Already recognised as a Top 100 Independent Broker nationally, the expansion means Pavey Group will be able to offer enhanced benefits, including a fully managed claims service and independent financial advice to all former Buddens Westinsure clients.

It also means extending the range of expertise at Pavey Group, with the Buddens Westinsure team joining a leading professional services firm at the company’s Exeter office at Burrator House, on Peninsula Park, Rydon Lane, having relocated from their offices in Harrington Lane, Exeter.

Graham Brown, Pavey Group Managing Director, said: “We’re delighted to welcome our new clients to Pavey Group. We are a Devon company committed to working with people locally, giving them all the benefits that a company of national standing can provide.

“We firmly believe the acquisition is a great fit with our existing business in terms of clients, the extensive range of services and the high importance placed on excellent customer service. Whilst service for commercial clients is being delivered by our Exeter office, all personal clients have transferred to our dedicated team in Torquay, providing expansion and opportunities across the group.”

Pavey Group provides independent insurance and financial advice to businesses, individuals and families across Devon, the South West and across the UK. Clients range from local companies such as KandyToys, and Glendinning, to clients with a UK wide presence including charity, the National Trust and farming cooperative, Mole Valley Farmers.

Geoff Gale, Pavey Group Director, said: “These are exciting times for Pavey Group. We are deeply committed to Exeter, Devon and the South West and to growing the business in the right way, which means maintaining our very high standards to benefit all of our clients.

We do things differently – a personalised service, no anonymous call centres and the expertise of a highly respected national company with an excellent track record. Our approach means we fully understand the needs of our clients, enabling us to provide quality cover, market knowledge and great value. We aim to maintain close and longstanding relationships with our clients, so they can get support, advice and swift action when they need it.”

With dedicated teams for business and personal, and its own in-house claims department, Pavey Group has been providing award-winning insurance, risk management, claims managing and financial services for over 40 years.

For further information visit www.paveygroup.co.uk

Authorised and regulated by the Financial Condomct Authority.