Stuart Alexander expands.
Southampton broker Foreman Bassett has merged with rapidly expanding City firm Stuart Alexander. The...
Southampton broker Foreman Bassett has merged with rapidly expandingCity firm Stuart Alexander. The new company is to be known as Stuart
Alexander.
No staff redundancies are anticipated and the former Foreman Bassett
office in Southampton will be retained. Stuart Reid and Alex Shead, the
current Stuart Alexander managing directors, will become managing
directors of the merged company.
Foreman Bassett chairman, Nigel Calvert, will retire after overseeing the
merger, and Foreman Bassett deputy managing director, Tom Noyce, will
become managing director of the Southampton office. Foreman Bassett
managing director Ian Ritchie will remain in Southampton.
The new company hopes to achieve a premium income of £25m by the end of
2001, and will focus on commercial lines and corporate business. Foreman
Bassett's unattached personal lines business, worth £1.4m in gross written
premium has been sold to Hill House Hammond.
Mr Ritchie said: "We plan to grow organically and through acquisitions
planned for the near future."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Insurers line-up to support licensed trade during World Cup
With Scotland having kicked off with a win over Haiti, and England’s men’s team set to start its tournament on Wednesday, insurers have lined-up to support licensed trade customers as the World Cup progresses.
Axa shares plans to shine a light on domestic violence with broker training
Axa has unveiled its partnership with domestic violence awareness company Alpha Vesta to train brokers on spotting the signs, with the aim to help 100 brokers become ‘trusted contacts’.
Ex-Allianz leader Cole named Ageas head of broker experience and strategy
Ageas has hired Anna Cole as head of broker experience and strategy to focus on “championing broker insight across the business”.
MS Amlin adds CRO and CIO executive leaders
MS Amlin has appointed Kirsten Mitchell-Wallace as chief risk officer and Phil Young as chief information officer.
Aviva builds out in contractors combined with digital launch
Aviva has launched a digitally traded contractors combined proposition, starting on Acturis with Fast Trade to follow, claiming it is plugging a gap in an underserved part of the market.
Zurich scores businesses flexible cover ahead of World Cup
Zurich has kicked off flexible opening hour cover for SME and mid-market licensed trade, as it claimed the update will help pubs, bars and restaurants capitalise on the World Cup, without falling foul of policy conditions.
Zurich succeeds Accelerant in five-year £300m Jensten Underwriting capacity deal
Jensten Underwriting has signed a five-year deal for Zurich UK to become its ‘cornerstone capacity’ covering over £300m across property, casualty and motor.
Westfield Specialty launches UK and Europe liability portfolio
Westfield Specialty International has launched a UK and Europe liability portfolio to expand its casualty book, promising long-term and flexible partnerships with brokers.