Tempcover targeting growth in “perfect storm” of increasing demand
Broker to spend on advertising, staff, IT and potentially acquisitions after private equity-backed MBO deal.
Alan Inskip, CEO of Tempcover is focusing on further growth for the broker after a £13.3m management buyout.
Inskip told Insurance Age that the broker grew by 40% between the last two financial years and that it would be targeting even greater achievements.
According to Inskip the MBO took nine months to complete. He detailed that it came about as previous shareholders were looking towards retirement and “completely reasonably” were not totally aligned with the management team on where to take
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