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Marsh strikes agreement to boost brokers with succession planning | Insurance Business


Marsh is already well-established as one of the biggest names in insurance broking worldwide – and now in charge of three of the UK’s top insurance networks, Marsh ProBroker, Purple Partnership and Bluefin Network, it is moving to ensure that the future is secure for its brokers.

The company has today revealed an agreement between Marsh Networks, part of Jelf’s Direct & Partnership division, and Ataraxia, a broker succession planning company.

Ataraxia offers services to brokers designed to help them release equity from their business in a case where a director wants to retire, or they wish to generate funds for an acquisition, as examples. Now Marsh will look to introduce its broker members to Ataraxia – while the latter’s clients will also have the option to join Marsh Networks.

“Ataraxia provides a solution to our member brokers that do not want to sell, but instead are focusing on promoting existing staff or bringing new people into the firm as part of their succession plans, and want to release some equity into the business,” explained David Hopwood, head of Marsh Networks. “Together with Ataraxia, we can help brokers achieve these ambitions while maintaining their independence.”

Collectively, Marsh Networks serve more than 250 firms across the country’s independent broking community.

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