Cavendish Munro snaps up Professional Insurance Agents Ltd

Insurance Business America | May 03, 2019

Specialist professional indemnity broker Cavendish Munro, which was itself acquired nearly three years ago, has made its own swoop. For an undisclosed sum, the Global Risk Partners (GRP) firm snapped up Professional Insurance Agents Ltd (PIA). Based in Eastbourne, PIA specialises in financial lines insurance products such as professional indemnity, directors and officers (D&O), medical-related insurance, as well as SME (small- and medium-sized enterprises) and mid-corporate commercial coverage. Upon completion of the deal, PIA chief executive Graham Hearsey and directors Karler Mears and Lynn Hearsey will retire. Tapped to be in charge of future operations are directors Ellie Hearsey and Kelly Fyfe. “PIA is a high-quality specialist broker and seamlessly complements our own proposition,” noted Cavendish Munro founder and managing director Paul Byrne, who described PIA as a “perfect strategic fit” for them.

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Spotlight

The underwriting process is critical for insurers. But manual processes, spreadsheets, and data from disparate silos slow down the process and make audit trails a nightmare. All that means a lot of stress on systems and employees, plus a less-than-ideal customer experience.

Fortunately, it doesn’t have to be that way.

With the P&C Underwriter Workbench from Mendix and Capgemini, you can optimize and digitize underwriting, leading to efficiency, effectiveness, and increased productivity.

Connect with your core systems and data sources to make data-driven decisions. Customize every aspect to make an offering that’s uniquely yours.

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