Higos agrees new funding from Clydesdale Bank to secure further acquisitions

15th July 2015

Higos Insurance Services Ltd, the acquisitive insurance broker, is eyeing further expansion after securing a new funding package from Clydesdale Bank.

Higos, which employs more than 250 staff in its offices across the south and south west of England, offers intermediary services to both private and business clients across a variety of different classes. Since it was established in 1990 by Managing Director, Ian Gosden, Higos has made in excess of 40 acquisitions and has seen the business grow significantly in that time.

The company refinanced with Clydesdale Bank given its dedicated focus on the insurance intermediary sector. The new funding was arranged by Paul Hambrook, Head of Insurance at Clydesdale Bank.

Ian Gosden, Managing Director at Higos Insurance Services, said:

“We are delighted to have transferred our banking facility to Clydesdale Bank. We have been greatly impressed by the support Paul and his colleagues have demonstrated so far and we look forward to working closely with Clydesdale Bank as we deliver our growth and expansion plans over the next few years.”

Higos Insurance Services Ltd is one of the leading insurance brokers in the UK, specialising in the provision of personal and commercial lines and general insurance products. Higos offers professional and independent advice on insurance tailored to suit each client’s requirements.

Paul Hambrook, Head of Insurance at Clydesdale Bank’s Business and Private Banking centre in London, said: “It is pleasing to complete another transaction and provide support to Higos. This year we have closed a number of transactions and we are in regular dialogue with other brokers.

“The insurance broker market remains very robust with some notable transactions over the last few years and the Bank remains keen to work closely with those brokers that have strong, sustainable and ambitious growth plans.

“Higos has exactly that and we look forward to working with the management team as it continues on its growth strategy in the coming years.”