Compass London Markets (CLM) has announced that it has joined forces with Bishopsgate Insurance Brokers (BIB) to create a centre of excellence for UK brokers seeking to access Lloyd's and the London Market.
CLM will operate alongside Bishopsgate as part of the Ardonagh Specialty platform.
Bishopsgate was formed in 2016 and will continue to specialise in North American Binding Authorities, Energy and International Binding Authorities.
Paul Longhurst, currently Managing Director at BIB UK, will lead the strategy for both UK entities reporting into Graham Kilby, CEO of Bishopsgate.
Bishopsgate’s UK focused lines of business will over the course of early 2021 all move to the CLM brand.
The move follows the acquisition of CLM’s parent company, Bravo Group, into The Ardonagh Group in August 2020.
Paul said today: “The combination of these brands is a natural next step for both our own people and importantly for our customers. It enables us to present, grow and invest into a clear strategy across UK and International areas of specialism. As businesses, we share similar values in terms of our desire to provide bespoke, customer centric service, fiercely proud of our independence.”
John Lincoln, founder of Compass London Markets added: “We’re thrilled to be joining forces with Bishopsgate. Their strong market presence, combined with our longstanding reputation, talented team and wide business appetite will provide UK brokers with an unparalleled London Markets offering.”