Right time for MGB sale, says Charles Manchester
MUM CEO predicts broker will “thrive in a large organisation” as the MGA focuses on underwriting following the deal.
Manchester Underwriting Management (MUM) chief executive Charles Manchester has said it was “a good time to move on” after selling MGB Insurance Brokers to U.S. Risk Insurance Group.
“It will be good for MGB, it will be good for us and it will be good for U.S. Risk, because they’re buying a good company,” Manchester told Insurance Age.
MUM bought the professional indemnity specialist in November 2013, when it was called Senior Wright Indemnity, and renamed it to MGB a month later.
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