Parker Norfolk & Partners

Sector Financial Services
Deal Type Growth Capital
Initial Investment October 2017
Transaction size £3m
Location London
Maven Office Glasgow
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About Parker Norfolk & Partners

Altra was established in 2011 with the aim of developing a multi-line insurance Lloyds of London broking business. In 2017 it completed the acquisition of the Lloyds of London registered insurance broking subsidiary, Parker Norfolk & Partners Limited (PNP), following Maven’s investment and has obtained all the requisite FCA approvals to enable it to use Parker’s Lloyds brass plate. Altra now trades under the PNP name. 

The business is led by Alan Wallace and Tracey Anderson, both of whom are seasoned veterans within the insurance sector and have a track record of having previously started and grown a successful insurance broking business, International Risk Consultants (IRC), before exiting to a larger industry consolidator. IRC ultimately became the largest specialty trade credit broking firm in the UK, and the second largest of its kind in Europe.

We are excited to have secured Maven’s confidence and investment, an important capital injection that will enable us to grow at speed. As our industry changes and innovates, we look forward to recruiting talented individuals to our firm and working with Maven to deliver our projected growth plans.
Alan Wallace, CEO at PNP
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