Australia: ASX-listed global insurance broker to acquire UK business
Summary
AUB says in a statement that the investment marks a further strategic milestone for the group as it continues to expand into the UK retail broking segment. For Movo, this partnership ensures the retention of its independence and entrepreneurial spirit while gaining access to AUB’s deep industry knowledge, an expanded range of options for brokers, and new avenues for growth. AUB says that Movo’s leadership team—including Golan Lambranzi (founder and equity broking director), Lea Cheesbrough (CEO of Movo Partnership), Claire Pickett (finance director) and Tom White (MD, Durell Software)—brings extensive industry experience and is dedicated to enhancing partner offerings and reinforcing its market presence. With a team of over 5,000 professionals, AUB Group serves approximately 1m clients and facilitates the placement of more than A in insurance premiums annually. The Group’s diverse portfolio includes retail and wholesale insurance brokers, as well as underwriting agencies, operating across approximately 570 locations worldwide.