Insurance Broker News: ICYMI Round Up for Monday

TOWERGATE SPONSORS AWARDS IN WALES

Towergate has been announced as sponsor of the Small Finance Team Award which celebrates outstanding achievement in a team, with the awards shindig taking place on April 5th at Cardiff City Hall.

The Finance Wales Awards celebrates the finance professionals of Wales, with 14 categories ranging from CFO of the Year to Rising Star, and nominations have been received from across all industries and sectors.

TEESIDE BROKER MARKS 25 YEARS OF SUPPORT FOR LOCAL FOOTBALL CLUB FOUNDATION

Erimus Insurance Brokers has the MFC Foundation, (Middlesbrough Football Club) since it began way back in 1995, providing all aspects of general insurance while also supporting several events each year including the organisation’s Annual Dinner.

MFC Foundation plays an important part in supporting the local community. Working with some of the most disadvantaged areas of Teesside, the charity engages with the community via sport, education, health and inclusion projects.

Paul Davison, managing director of Erimus said: “It has been a pleasure to support the Foundation for all these years, and we look forward to many more.”

ADLER CONTINUES ACQUISITION TRAIL

Adler Insurance has announced the purchase of Corrigans Limited, a broker based in Coventry UK.

The acquisition is Adler’s fourth in three years, as the group expands. The company’s most recent takeover was of Cross and Co. According to trade press reports, Corrigans will keep all existing staff and the office will remain in Coventry. The deal only applies to the broking side of Corrigans – the Corrigans financial services business will continue to operate as before.

Adler say they are keen to acquire more brokerages, as the sector continues to consolidate, with GRP arguably the most active in buying up brokers during the past five years or so, with no sign of any let-up during 2019.

HENSHALLS BUYS BAYLISS AND COOKE

Henshalls, based in Newport Shropshire are also on a shopping spree, as they announced the deal to buy Bayliss and Cooke recently. The two brokerages have been established for many years and are looking to maximise their resources as insurance continues to migrate from traditional High Street shops, to a more online- based service.

Around 14 staff are expected to remain based at the Bayliss & Cooke Stafford office.

 

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