The Broker Investment Group has made a strategic investment in Deva Risk Group, which has four offices and 29 staff controlling gross written premium of £11m. Deva, named after the Roman word for Chester, was created in 2016 as the holding company for the buyout of Chester-based Daulby Read. It has since made four acquisitions of its own.

Peter Goddard (pictured), director of Deva Risk Group Ltd, said: “I’m delighted Deva Risk Group are partnering with The Broker Investment Group, it is the perfect strategic alliance and will help facilitate the next step in our growth journey.

“As many independent brokers continue to be acquired by much larger groups and re-branded, we believe there is a gap in the market that our business can fill. We will remain steadfast in our business ethos of community broking and our acquisitions will remain at the heart of their community, a vision I know that TBIG share with us.”