Marsh forms new broker network structure following Bluefin acquisition
Global insurance broking and risk management firm Marsh has created a new practice for broker networks within Jelf and Bluefin’s direct and partnership (D&P) division. The announcement follows Marsh’s acquisition of Bluefin Insurance Group in January 2017, which is being combined with Jelf Group. The combined D&P division, Marsh Networks, also comprises Marsh ProBroker, Purple Partnership and Bluefin Network, and includes affinity and schemes, personal lines, and SME Insurance Services. David Hopwood, who was previously managing director of Bluefin Network, has been appointed as head of Marsh Networks. Duncan Carter will lead the D&P division. Marsh ProBroker, Purple Partnership, and Bluefin Network will continue to be led and managed as separate entities. Led by Mike Rogers, Marsh ProBroker will focus on members whose clients require bespoke cover for complex or unusual risks. Purple Partnership will continue to be led by Les Brewin, and will support members focused on providing commercial lines insurance and additional services to their local communities. Led by Duncan Pagan, Bluefin Network will work with commercial brokers looking to fast-track their businesses. Pagan was previously operational director at Bluefin Network. Hopwood commented: "With our new Marsh Networks strategy, independent brokers can now choose from three distinct propositions, according to the products and services they require and the level of relationship support they need. And, for those brokers that do not wish to join a network, they can still gain access to Marsh’s products and services, offering a higher degree of flexibility than ever before." Carter, CEO of the D&P division, added: "The independent broking community is a vital part of the UK’s insurance industry, serving clients across the length and breadth of the country. We are committed to the continued development of Marsh ProBroker, Purple Partnership and Bluefin Network, which includes the enhancement of distinct products and services to provide independent brokers with the opportunities and support they need to make their businesses more successful."
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