Seventeen Group buys Lloyd's broker Dashwood Brewer and Phipps to expand in the London market

Seventeen Group has acquired Dashwood Brewer and Phipps (DB&P), an independent Lloyd's broker founded in 1919, Insurance Times reported on 16 October 2026. Financial terms were not disclosed.

DB&P keeps its brand and regulated status and becomes Seventeen's Lloyd's business, next to its existing units James Hallam and Touchstone Underwriting. DB&P managing director Louis Belcourt joins Seventeen's executive committee, and the broker's current leadership stays in place.

Seventeen said the deal strengthens its London market capabilities. It plans to combine DB&P's Lloyd's expertise and international distribution with its own specialist units and expects this to open up new facilities, territories and placements. Chief executive Oliver Thorne described the two firms as family-owned independents with ‘remarkably similar legacies and cultures’. Belcourt said DB&P would keep operating as an independent Lloyd's broker under its own name.