Ceta completes MBO
Existing shareholders set to retire from the business as John Bibby takes on chief executive role and Swiftcover's Andrew Blowers becomes chair.
Ceta Insurance Brokers has been purchased by its non-executive directors and management supported by private equity firm Kester Capital, Insurance Age can reveal.
The broker stated that existing shareholders David Quick, Adrian Waters and Sandie Schofield will retire from the business.
The Chipping Norton-based business will be led by chairman Andrew Blowers, previously CEO of SwiftCover; chief executive John Bibby; chief operating officer James Thomson and chief financial officer Andy Elson
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