Daily Insurance Industry News
 
 
Daily Insurance Industry News
Monday 28th of May 2018
March 5, 2009

Giles appoints board directors and more

by Gill Montia

Story link: Giles appoints board directors and more

Giles Insurance Brokers has appointed two new board directors.

The firm’s retail managing director, Howard Pearson, and its wholesaling managing director, Mark Addis, will both join the board of the independent broker, although regulatory approval has yet to be secured.

In addition, Simon Brooke is assuming responsibility for business in the South of England and Tom Ernoult is joining the firm as director of underwriting services.

Chief executive, Chris Giles, comments: “With the success of our underwriting agency, acquisitions and wholesale business, I have been able to draw on an excellent pool of internal and external candidates for these roles”.

In recent years, Giles has taken a lead in consolidating the broking industry.

The company was acquired in a management buyout in 2006 and in March of last year, private equity firm, Charterhouse Capital Partners, took a majority stake in the business.

Twenty-two acquisitions have been completed since, establishing both a wider geographical presence for the group and enhancing Giles’ product and service offering.

Last month the broker was listed in third place in the Sunday Times Buyout Track 100, which ranks Britain’s top 100 private equity-backed companies with the fastest-growing profits.

The company currently employs over 1,000 people in locations across the UK, including Glasgow, Leeds, Manchester, Birmingham, Cardiff and London.

 

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