Lloyd's broker Avid hires M&A specialist to drive growth plans

Lloyd's coverholder, general insurance broker and managing general agent Avid Insurance has appointed Jon Terry as finance director to help drive its growth plan alongside CEO Stephen Gibson.

According to the firm, Terry has extensive experience in mergers and acquisition (M&A) following a six-year role working alongside senior management teams and private investors at KPMG.

“We hired Mike Patchett in August, giving us presence in equine, sport and leisure, and now Jon will help us bring added focus to our M&A, where we are keen to acquire businesses and underwriting teams to underpin our ambitious plans for growth,” said Gibson.

Terry added: “M&A is likely to be a sweet spot in the insurance sector as the industry evolves beyond the pandemic over the next 12-18 months, and Avid is well positioned to exploit those opportunities as they arise.”