Uris Group, a specialist private traces MGA and providers supplier, has been offered to a brand new automobile backed by its chief Derek Coles, Insurance coverage Age can reveal.
The transaction included Doncaster-based Uris and sure chosen MGA commerce and property from Belfast-based Midas Underwriting.
The deal has seen 100 members of employees transferred to the brand new enterprise which can be often called UGL, led by Coles, pictured, and a brand new board of administrators.
The MBO follows the merger of Atlanta and Markerstudy.
With the remaining open market Ardonagh Retail MGA not a match for Ardonagh, Insurance coverage Age understands the senior executives agreed it will profit from being free
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