The new acquisition collects £13 million in premium income, and Giles is believed to strengthening for an IPO in 2009. According to Chris Giles, Chief Executive, this fits in with their plans, with 50% of their business “lying in specialisms” and “50% from local business communities’’ served by any one of its 26 branches in the country. Kerwin Smith has specialised in the commercial motor sector, which will increase Giles’s portfolio.