Cavendish Munro snaps up Professional Insurance Agents Ltd

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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Genpact | November 30, 2023

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Insurance Technology

Ladder and Envestnet | MoneyGuide Announce Integration to Provide More Advisors Digital Access to Term Life Insurance Offerings

PR Newswire | January 29, 2024

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Insurance Technology

Global Atlantic Announces $10 Billion Block Reinsurance Agreement with Manulife Across Both US and Japan Business

Global Atlantic | December 11, 2023

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Certain information contained in this press release constitutes “forward-looking statements,” which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “target,” “intend,” “continue” or “believe,” other variations thereon or comparable terminology. The forward-looking statements speak only as of the date hereof and are based on Global Atlantic’s current beliefs, assumptions and expectations. Due to various risks, uncertainties and contingencies, including but not limited to obtaining required regulatory approvals, closing on signed transactions and whether the anticipated benefits of a transaction can be achieved within expected timeframes, actual events or results or performance may differ materially from what is reflected or contemplated in such forward-looking statements. Global Atlantic undertakes no obligation to update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise. Past performance is not a guarantee of future results.

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