The Broker Investment Group has upped its investment in Macclesfield-based PHP Insurance to 80%. PHP controls gross written premium of £5.5m and is run by directors Jullian Shawcross (pictured left) and Andy Tyrrell (pictured right), who both remain shareholders in the business.

Dave Clapp, CEO of The Broker Investment Group, said: “We have long been impressed by the professionalism and recent growth achieved by PHP and we see great potential to work with the team on that continued expansion. I am delighted that both Jullian and Andy have retained shares in the business enabling them to share in the future success we can create together.”

Shawcross added: “Having reviewed our different options for the future of the business we decided that the best long-term partnership was The Broker Investment Group. It enables us to push forward with minimal change and be supported by the strength of TBIG. We have watched as they have strengthened their team in the last 12 months so there are plenty of experienced people we can tap into.”