The Broker Investment Group has struck a deal with Andrew Powell to acquire his book of business which adds £1m in gross written premium to the business. The acquisition will be absorbed by Midlands-based The Needham Group which is part of TBIG.

Dave Clapp, CEO of TBIG, said: “Great to get the second deal of 2025 over the line, with plenty more to follow before the end of June 2025. It’s rewarding to see that insurance brokers are liking our model and great to keep momentum as we build our regional footprint. We welcome Andrew and team into the TBIG family and look forward to great things ahead.”

Neal Lowe, MD of The Needham Group, added: “I am delighted to welcome Andrew to the Needham Group family. His £1m GWP book of business are all very welcome too! Andrew is great at what he does as an experienced commercial account executive, and we are confident that his clients will remain loyal, and he will attract new customers too.”