McGill and Partners confirms $300m in new credit facilities
McGill and Partners has secured new credit facilities of $300m (£221m) from lenders Morgan Stanley, Permira and Bridgepoint.
The Top 100 UK broker described the move as setting “the scene for the next phase of growth” and labelled it as a “significant step” in its ongoing evolution.
The new arrangement consists of a senior facility, an acquisition facility to support further investment in talent and technology (including AI), and a revolving credit facility.
RelatedTop 100 UK Brokers 2024: Directory – £7.5m – £10m Former Oneglobal CEO joins McGill and Partners as CFOAlongside the announcement, McGill and Partners
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Government’s motor insurance taskforce report sparks ‘fudge’ and ‘credible job’ reactions
The government has published its Motor Insurance Taskforce Report whose work has been both praised as a “credible job” and slammed as “rehash” and a “fudge”.
Howden hires from Gallagher to target $600m space insurance market
Howden has established a new dedicated space insurance capability led by industry veteran Clive Strickland.
HSB launches hunt for new engineering MD as Dyson retires
Terry Dyson, the managing director of HSB’s engineering insurance business in the UK and Ireland, has decided to retire at the end of March 2026 after an insurance career spanning 40 years.
Ex-Simply Business boss joins Admiral-backed SME challenger insurance provider
Tide has appointed former Simply Business boss and ex-network leader Dan McNally as senior vice president and CEO of Tide Insurance Services.
Experts underwhelmed by FCA insurance rules simplification
Market specialists have given a lukewarm welcome to the Financial Conduct Authority’s changes to the insurance rule book, flagging missed opportunities, disappointments and branding the outcome as unlikely to get pulses racing.
MGA Addept launches SME commercial legal protection solution
Addept Insurance Services has added a commercial legal protection insurance solution to its expanding portfolio of legal expense products.
‘Time:To’ named Biba conference 2026 theme
The British Insurance Brokers’ Association has unveiled ‘Time:To’ as the theme for its 2026 conference to be held on 13 to 14 May next year.
Blog: Brokers must rethink their role as supply chain risk reaches new inflection point
The role of a broker is not simply to place insurance, but to help clients navigate uncertainty with confidence, including anticipating problems before they materialise, argues Nick Smallcorn, managing director of corporate and specialty risks at Clear Group.