Broking success: Facing the challenge
Berkeley Insurance Group chairman Andrew Bedford, and group chief executive Tim Maxted explain their approach to the soft market and the importance of expertise, reports Caitlin Morrison
▶ When did you take over the running of the business?
Tim: In 2008 the previous owner Grahame Berkeley was looking to exit the general insurance business. Andrew and I were heavily involved in the group at that time with both the general insurance and financial services group, and having looked at all the options for his exit, we decided that we would take out the general insurance group in an MBO.
Grahame still retains the financial services business which trades as Berkeley Burke, but there’s
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