Brown & Brown (Europe) Ltd has added trade credit insurance specialist CI Group Holdings Ltd to its stable in a deal that sees it acquire 100% of the firm’s share capital for an undisclosed consideration. CI Group provides credit insurance solutions for banks and other commercial lenders and offers access to debtor insurance for UK SMEs.

Mark Toulmin, managing director at CI Group, said: “We have been looking for a partner for several years to help build on our success… it quickly became clear that CI Group’s future, and that of the team and our customers, will be substantially enhanced as part of Brown & Brown.”