Lloyd’s broker Monument UK, part of the Primary Group, has announced the acquisition of the business of Median Insurance Management.
Established just 18 months ago by Aidan Plumridge and Charles Coburn Median Insurance specialise in the placement of personal lines based facilities, in particular creditor, term life and health insurance. The
company will form a new division within Monument.
Tim Smyth, managing director at Monuments, says: “We are very pleased to welcome Aidan and Charles on board. They are first class operators whose specialist knowledge will further diversify our existing skill sets.
“In addition to supporting initiatives from Median’s existing client base, we have already identified a number of substantial new business opportunities.
“2004 has been a phenomenal year for Monument. We have expanded significantly both in terms of staff numbers and new business. By welcoming Median we have not only further diversified our organisation
but we have established several more new lines of business for the forthcoming year.”
Median will continue to grow the portfolio it has built over the past 18 months whilst also targeting new markets via Monument’s distribution network and expertise.
Charles Coburn of Median says: “Aidan and I are delighted to have joined Monument. We believe our business will now have the best opportunity to flourish with the strength of the Primary Group behind us.
“With our core product offerings targeted at lenders, intermediaries and IFA groups, we can now further enhance our service by providing the stability and financial strength that today’s business environment