Seventeen Group has acquired Watford-based Jannard Quadrant Insurance Brokers Limited in its third deal of the year. Owners Stephen Sweden and Geoff Callaway will remain with the business following the deal. Jannard Quadrant has an ongoing relationships with Seventeen Group’s MGA subsidiary, Touchstone Underwriting.

Jannard Quadrant controls gross written premium of around £3.5m and has a focus on commercial property and hotel risks.

Paul Anscombe, CEO of Seventeen Group, said: “This was a natural acquisition for both parties. We have known the Jannard Quadrant team for many years, we are both based in Watford and there is an excellent trading relationship with Touchstone. The focus on ‘top end’ hotels also fits incredibly well with James Hallam’s specialism in the hotel sector. I am delighted to welcome the team on board.”