Movo launches broker investment arm targeting minority and majority stakes
Movo Partnership has launched a broker investment arm – MovoQ – to buy minority and majority stakes in brokers, Insurance Age can reveal.
Formally unveiled last month, MovoQ already has a portfolio of 14 brokers and follows the creation of Movo Accelerator, which was created to support start-up brokers and brought to market in October 2024.
Speaking exclusively to Insurance Age Movo Partnership group CEO Lea Cheesbrough said: “The thinking behind MovoQ actually goes back much further than many people realise.
“The model was already operating when I founded Movo Partnership and was driven by [Movo Insurance Brokers managing director
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