DECEMBER 2005

STACKHOUSE POLAND ACQUIRES RHB INSURANCE SERVICES

Stackhouse Poland has continued its expansion with the acquisition of London based broker RHB Insurance Services with effect from 30th December 2005.

This concludes another successful year of trading for the Guildford based broker, being the fourth year since the MBI carried out by Jeremy Cary, James Agnew and Keith Hester.In this time, the Company has tripled in size and with the new acquisition, now controls £20,000,000 of gross premium via its 60 staff in 2 locations.Alan Rolinson, the majority shareholder in RHB said, “Stackhouse Poland is an impressive organisation and I am delighted with the way in which this acquisition has been handled. I know my valued clients are in safe hands and my loyal employees will flourish as Stackhouse Poland continues to expand.”
Stackhouse Poland’s Managing Director Jeremy Cary commented, “Our strategy has always been strong organic growth through key distribution channels allied to the acquisition of like-minded companies. RHB’s advice driven and personal approach to their Clients in similar sectors; Corporate, Commercial Property and High Net Worth, will fit perfectly with Stackhouse Poland’s approach. We are really looking forward to working with the team.”Alan Rolinson will remain on the Board of RHB and will be helping with the integration and ongoing development of the company. Peter Robinson will continue as Managing Director of RHB.