The Movo Partnership (Movo) has announced seven new AR members have joined the fast-growing network in April, including a new broker start-up and brokers switching from other networks.
Colin Halliday, previously a compliance officer and Broker Relationship Director for the network Ten Insurance, has moved his broker Trade & Commercial across to Movo. Anderson Smith, a commercial broker in Scotland; Infina, a commercial broker based in Lancashire; Clipeus, a tech broker focusing on bespoke products for many well-known household brand names, and MNKre Speciality who deal with retail clients with global risks, based in the UK, have all joined Movo this month.
Trinity Indemnity also joins the network. Trinity is a commercial broker based in the Midlands that is focusing on growing its current book and has expansive growth plans. New start-up brokers joining Movo in April include a modern and innovative commercial and personal lines broker, PHY Insurance Services, based in London.
Together the new members bring the total number of AR members so far this year to 55 and a total GWP of £50m. Movo originally set a target of reaching 75 members and £65m GWP by the end of 2022.
Lea Cheesbrough, Managing Director of Movo Partnership, comments:
“It’s hugely exciting and rewarding to see so many independent brokers joining us. The message is clearly getting out there that we are not like other networks. We’re committed to ensuring small independent brokers survive and thrive. For brokers looking for a way of growing their brokerage without selling out to the consolidators, or giving up their hard-earned income for little value in return, we give them real options and an ideal home. We will help them to grow and to compete in today’s market – our success is built on their success. Brokers can see the reality for themselves and are clearly voting with their feet. I’m delighted to welcome these latest brokers to the Movo network family.”
The Movo Partnership was set up in 2019 by a collection of brokers to take advantage of sharing compliance and operational functions, improving buying power and to help its broker members have more time to do the most important element of their jobs, which is client servicing. Members retain 100% of commissions and any profits generated by the network are reinvested by the business for the benefit of the membership and the future of broking. The Movo Partnership exists to be the most cost-effective way to run a brokerage and to encourage new start up brokers, replacing the brokerages in the market being lost to M&A activity. The network expects to reach 75 broker members and £65m GWP in 2022.