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Daily Insurance Industry News
Wednesday 22nd of May 2019
January 4, 2008

Broker Network Welcomes Member 168

by Stewart Douglas

Story link: Broker Network Welcomes Member 168

Broker Network Welcomes Member 168

Leading insurance broker organisation the Broker Network has today announced its first addition to its group since the firm was acquired by rapidly expanding insurer Towergate late last year, in a move that was designed to extent Towergate’s reach within the intermediary markets.

The Broker Network, which links insurance brokers, has announced that it has welcomed Continuum Insurance Brokers as the latest addition to its family, taking the total count up to some 168 broker firms spread throughout the UK. Continuum, itself the result of an MBO in 2005, will become the first member to join the Broker Network in 2008, and indeed since the company was acquired by Towergate in 2007.

Speaking today on the move, Bernard Murphy from Continuum said that he was delighted to be part of the Broker Network, and had discussed in great depths with Grant Ellis and his management colleagues at the Broker Network the options for expansion of Continuum over the coming years, which he felt helped secure the decision to go with the Broker Network and Towergate.

As part of the deal Continuum will benefit from the Broker Network’s state of the art technologies and marketing services, which it is hoped will provide the opportunity to grow and develop over the coming twelve months, and in to the future.

“We have been assured by Grant Ellis and his colleagues that Broker Network’s position within the network division of Towergate will offer us bigger, better deals and wider distribution in an increasingly competitive market,” said Murphy, managing director of Continuum.

“Continuum has worked closely with us to understand the opportunities that will arise as a result of our position within Towergate and are keen to maximise these as soon as possible. As this new year begins, it’s very much ‘business as usual’ at Broker Network as we look to keep delivering the best insurer deals and business support services to all of our Members”, added a spokesperson from Continuum, speaking on the day’s developments.

 

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