Marsh acquires UK SME broker
Marsh has acquired UK broker SME Insurance Services (SMEi). It provides specialist commercial commercial insurance to small and medium-sized enterprises across the UK.
Following closing, which is expected to complete in the third quarter of 2015, the co-founders of SMEi, Roger Snowden and Jason Gandy, will join Marsh.
They will help to drive forward Marsh’s small and medium-sized enterprise strategy, reporting to Julie Page, chief executive officer (CEO) of Marsh’s UK commercial and consumer division.
SMEi also operates Broker2Broker, an online trading platform that offers independent insurance brokers access to a wide range of products through a panel of commercial insurers.
Mark Weil, CEO of Marsh UK & Ireland, said: “This transaction will further enhance Marsh’s capability to serve small and medium-sized businesses across the UK and builds on our earlier acquisition of Central Insurance Services (CIS). Marsh identified both SMEi and CIS as high quality, fast-growing businesses.
“The SMEi online and call centre platform, when combined with Marsh’s ability to provide extensive risk and insurance advice and its strong insurer relationships, will create a breakthrough in the convenience, quality and cost of insurance solutions available to SMEs. The addition of the SMEi’s Broker2Broker platform will also bring significant benefit to the members of Marsh’s broker networks.”
Gandy added: “Becoming part of Marsh is good news for our clients and colleagues. By combining our expertise with Marsh’s wide range of services we will be able to accelerate our development and widen our range of products.
“Our colleagues will also benefit from expanded career opportunities. We look forward to becoming part of Marsh and delivering a better way for SMEs to obtain the best risk and insurance advice.”
