Two well-known names in the UK broking sector are about to undergo a revamp – as part of a significant merger.
Finch Insurance Brokers and Employee Benefits and ICB Group have announced a merger this morning – with the two to come together under the Verlingue brand, the name of the French parent company.
ICB carried out its rebranding yesterday (December 01) with Finch to legally merge with its sister company to form a single UK business under the Verlingue Ltd name on January 01, 2020. According to a press statement, the move will create a “top 15” commercial independent insurance broker with offices in London, Manchester, Sheffield, Egham and Redhill to be retained. CEOs Mike Latham and Neil Campling are set to lead the revamped business. In addition, Lloyd’s and London market placing broker, NBJ London Markets, which is part of ICB Group, will also enter Verlingue ownership but it will retain its current name and brand.
“The launch of the Verlingue brand in the UK market marks a significant milestone for our UK business, our clients and our colleagues,” said Latham and Campling in a joint statement. “Our position as a top 15 UK commercial insurance broker, aligned with our successful, growing employee benefits business, means we are ideally placed to provide our clients with the best possible service and business solutions while also supporting the Verlingue Group’s ambitious growth plans both in the UK and in Europe.”