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Broking Break - Your Top Five

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Acquisitions, ghost broker arrests, the discount rate cut and redundancies at Ageas make up this week's top five stories.

5. Clear buys MPW Insurance Brokers

Clear Insurance Management has bought Kent-based MPW Insurance Brokers for an undisclosed sum.

The deal is Clear's biggest ever purchase and the 21st since the broker was formed in 2001.

 

4. Three arrested in ghost broker raids

Two men and a woman were arrested on 21 February 2017 as part of a joint investigation between the City of London Police Major Crime Team and the Insurance Fraud Bureau (IFB).

City of London Police announced that

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MBP takes minority stake in £32m GWP broker

Insurance investment vehicle Minority Broker Partnerships has acquired a minority stake in Caleb Roberts Insurance Services, an independent agricultural and rural insurance broker operating across Mid Wales, Herefordshire and Shropshire.

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