Marsh to buy SME Insurance Services
MARSH, the insurance broking and risk management firm, has signed a deal to buy SME Insurance Services (SMEi), an independent broker which provides specialist commercial insurance to small and medium-sized enterprises across the UK.
Leeds-based SMEi, which employs around 120 staff, 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.
Roger Snowden and Jason Gandy, the co-founders of SMEi, will join Marsh, and report to Julie Page, the chief executive of Marsh’s UK commercial and consumer division.
The terms of the transaction, which is expected to close in the third quarter of this year, were not disclosed.