Noble Insurance Group has acquired specialist insurance intermediary, Caravanwise with a £5m loan from digital bank OakNorth helping to fund the deal. Noble Insurance Group was established in 2019 following the management buy-out of Noble Marine. Its speciality insurance brands now include, CBI, Graham Sykes, New Moon and WG Yachts. Caravanwise was founded in 1998 and specialises in the camping and leisure market.

Henry Arundel, co-founder and managing director of Noble Insurance Group, said: “Caravanwise is an excellent addition to our portfolio. It has a highly impressive brand reputation, loyal customer bases, and deep expertise in the caravan and leisure markets.”

Dale Cowdell, director of debt Finance at OakNorth, added: “Noble Insurance Group has built a robust, high-margin platform in a highly specialised part of the insurance market. With a proven buy-and-build strategy and strong insurer partnerships, coupled with the growth in revenues that insurance agent and broker market is set to deliver over the next five years, the business is well-positioned for continued sustainable growth.”