Synergy sale marks latest shake up in HNW sector

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High net worth managing general agent (MGA), Synergy Insurance Services, has been purchased by Randall and Quilter.

A statement from Randall and Quilter said there would be “some planned restructuring actions” and that Synergy was expected to make a loss for the group in the 2011 financial year.

Ken Randall, Randall and Quilter’s chairman, said: “We are delighted to announce the acquisition of Synergy and welcome Emma Bennett and her highly experienced team to Randall and Quilter.

"Synergy has established an excellent reputation within the specialist personal insurance market and will complement our existing

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