Partners&, a UK-based insurance broker, has restructured its general insurance division with the aim of supporting future growth.
The company has introduced nine new roles, which will be overseen by Ewan MacDonald, CEO – North, and Lee Davey, CEO – South.
Of the nine new positions, eight have been filled by internal promotions. Five of the individuals promoted are graduates of the Partners& Leadership Academy, which recently received CII accreditation for the second consecutive year.
Phil Barton, group CEO, highlighted the company’s investment in employee development since its founding. He noted that the first cohort of the Partners& Academy enrolled in 2021, with the benefits of that investment now evident. Since 2020, more than 100 internal promotions have been made across the business.
The new appointments include Tom Aldridge as managing partner (Client Management) – North; Isha Patel as managing partner (Client Management) – South; Howard Jones as managing partner (Client Management) – South; Tom Kendall as managing partner (Business Development) – North; Linsey Scott as managing partner (Business Development) – Scotland; Richard Grosvenor as managing partner (Business Development) – East Midlands & South-East; Tamzin Campbell-Jeffery as managing partner (Business Development) – West Midlands & South-West; Emily Thompson as managing partner (Integrations) – North, and Emma Tucker as managing partner (Integrations) – South.
This restructuring is part of Partners&’s broader strategy to expand its footprint in the general insurance market.
In addition to the restructuring, Partners& has made several recent moves aimed at growth and expansion. The company acquired MacDonald Group, a Scottish broker, and rebranded it under the Partners& name, further consolidating its position in the market. Partners& also secured a £20 million debt facility from Santander UK to support its growth plans.
Financially, the company reported progress with turnover of £43.2 million for the year ended March 31, 2024, up from £33.8 million a year earlier. Adjusted EBITDA profit before restructuring costs totaled £8.6 million, up from £3.8 million a year earlier.
