Alexander Forbes expands further into the Channel

Alexander Forbes has acquired insurance broker Martin-Gray (Channel Islands) for an undisclosed sum....

Alexander Forbes has acquired insurance broker Martin-Gray (Channel Islands) for an undisclosed sum.
Martin-Gray was founded by former chairman and joint managing director Geoffrey Martin in 1978. It now employs 34 people, split evenly between Jersey and Guernsey. Mr Martin will remain on the board as a non-executive director and Trevor Gray, formerly joint managing director, will become managing director of the joint business.
Dick Wood, chief executive financial services at Alexander Forbes

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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