Oval acquires Top 100* broker

Broking consolidator Oval has acquired Ipswich based insurance broker A J Cook commonly referred to as cooksheppardpinhey.

Peter Bradbeer, formerly financial director said: “cooksheppardpinhey has always had a strong commitment to providing client care and as Investors in People, to developing the full potential of our staff. We feel that Oval is closely aligned to our values. As the market hardens, Oval will provide security for our clients and an even wider range of services and expertise.”

Oval said it planned to continue its commitment to East Anglia by bringing more jobs and greater investment to the region.

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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