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Report: Weald Insurance acquires fellow UK-based insurance broker

Weald Insurance Brokers Ltd. has acquired U.K.-based insurance broker Cronin Underwood, Insurance Business U.K. reported.

The transaction is Weald Insurance's first deal since becoming an Ethos Broking partner in 2018.

The acquired company, which is currently based in Eastbourne, will move to Weald Insurance's Kent office, effective immediately, according to the report.