The Broker Investment Group (TBIG) has completed its fifth deal of 2025 with the acquisition of KSL Thomas & Co Ltd, a long-standing insurance broker based in Romford, Essex.
KSL Thomas, which manages approximately £2 million in gross written premium (GWP), specialises primarily in commercial insurance and has served clients in Essex and across the UK for more than 63 years.
The business will continue to trade under its existing brand, with its team and premises unchanged. Director Rex Thomas will remain in post and will be supported by TBIG’s centralised services team, covering marketing, sales, compliance, accounts and acquisition sourcing.
The deal further extends TBIG’s footprint in Essex, following its acquisition in 2024 of a 100% shareholding in Chelmsford-based Callaway & Sons Insurance Consultants. KSL Thomas will now sit alongside Callaway Insurance under the leadership of regional managing director Simon Lewer (pictured), who is also overseeing integration and future growth plans for both businesses in the region.
Commenting on the deal, Thomas said the partnership with TBIG would support the business’s ambitions for growth while retaining its local identity.
“After careful consideration, we chose TBIG as our preferred partner because they share our ambition for local growth and team development. This is a true partnership, and I am confident that together we will grow the business,” he said.
Simon Lewer added: “KSL Thomas is a high-quality business that fits seamlessly into the TBIG group. Our mission is to invest in, support and develop regional brokers through sustainable growth and partnership. KSL aligns perfectly with this vision.”
The KSL Thomas acquisition follows a series of recent deals as TBIG continues to pursue its investment strategy across the UK. Last year, TBIG acquired a 49% stake in both Jenkinson Insurance and Penk Insurance in a deal with the Jenkinson family.
The company also acquired the remaining shares in Bullerwell Insurance, bringing its ownership of the Bedford-based brokerage to 100%. Bullerwell, which writes around £12 million GWP, is now fully integrated into the group.
TBIG has completed 10 investments in the past 12 months, matching the pace of its 2022 activity. Through a combination of organic growth and acquisitions, the group has added £60 million in GWP to its portfolio and remains on track to meet its target of £250 million GWP by the end of 2024.
CEO Dave Clapp said the firm is continuing to work through a strong pipeline of deals. “Despite a soft market, we remain on track to achieve our ambitious yet achievable GWP targets through organic growth and carefully selected strategic acquisitions into our regional powerhouses,” he said.
