Ashley Peters and Martin Tyler also reorganised the collapsed firm and its share capital. As part of the reorganisation, it became a wholly-owned subsidiary of Gelert Group and a £2m dividend was paid to Gelert. Policy Plan also paid £8m to Gelert.
MGA has worked with Team Partnership to develop the offering.
Move follows solvency issues at the broker’s main insurer as administrator initiates fire sale and says majority of Staveley Head's 85 staff have been made redundant.
Research by Consumer Intelligence shows the average van premium has risen by 37.4% since April 2014.
Beales was formerly CEO at UK General but stepped down in 2018.
Senior VP of international operations, Jeff Purdy, says the software house's growth opportunity in the UK is "material" as Joe Sultana joins Andy Fairchild on its new European leadership team.
David Hopwood promises the business "won't ignore" members' reasons for joining a particular network.
Yoga Insurance Services, sister company of OneCall, has signed up as the first client.
Keep up to date with the latest market moves.
Software house says appointment of the former Broker Network boss is part of a plan to significantly grow its UK and Ireland operations.
The investment will help GRP continue to buy UK brokers according to newly promoted Mike Bruce.
The deal sees founders Peter Cullum and David Margrett retain a minority stake in the company alongside Penta Capital.
Financial results also show that revenue grew 10.2% at Marsh in 2019.
Broker also posts rise in revenue for the year as CEO Greg Case says business saw its strongest level of organic growth in over 15 years.
Laurence Eastham and Ida Axling discuss the most popular news stories this week, including changes at Marsh Commercial and Hiscox moving 300 staff out of London.
The decision is effective immediately and a management committee has been formed to lead the business in the interim.
Profit for the broking segment grew by 25%.
Geo Underwriting’s FlexiLet home product will be available via Applied TAM and Applied Epic.
Ida Axling predicts further changes on the networks scene after Marsh Commercial combines its three propositions.
Trade body's data shows motor insurance premiums rose again in the last quarter of 2019 with increases in IPT and changes to the discount rate driving up prices.
David Ross reveals expansion hopes and confirms more M&A targets in the UK.
There will be no change to EEA firms 'passporting' into the UK from tomorrow (31 January), but the temporary permissions regime will be used if the UK and EU fail to sign an agreement by 31 December 2020.
Marsh ProBroker, Bluefin Network and Purple Partnership to become single networks proposition led by David Hopwood as Marsh Commercial seeks to align more closely with Marsh.
A recent letter from the regulator could indicate that it wants to widen its remit to include diversity and inclusion. Should brokers be worried? Martin Friel reports.