Isle of Man News - POSTED Tue 12-09-2017

Edgewater grows General and Commercial Insurance book with acquisition of Balla Brokers

by LC

Edgewater grows General and Commercial Insurance book with acquisition of Balla Brokers

Edgewater Associates Limited (Edgewater) is pleased to announce that it reached agreement on 31st August 2017 with Balla Brokers (Insurance Services) Limited (Balla Brokers) to acquire the latter’s book of around 1,000 Isle of Man-based insurance clients. This is the third acquisition for the company in the past 12 months, with MBL Financial and Lasenby Knox coming under the Edgewater brand in December 2016 and March 2017 respectively.

Following the death of Director Robert (Bob) Trimble in February 2017, the remaining members of the Balla Brokers team have worked tirelessly to ensure that clients will continue to receive the high-level of service that Bob had provided over many years. It was with this goal in mind that they approached Edgewater to manage their clients’ insurance policies in the future.

Commenting on the news, Sandra Cardwell, Managing Director of Edgewater, noted: “We have seen considerable expansion in our General and Commercial Insurance book over the past 12 months, through client referrals and our increased profile, and this latest acquisition will deliver a further boost.

“Many of the clients are new to Edgewater and will now have access to the range of other services which we can provide – such as retirement and investment planning, lending and mortgage advice, and foreign exchange through Manx FX Limited.

“I would like to thank Lesley, Andy, Julia and all the team at Balla Brokers for their work in making this a smooth transition for all concerned.”

Photo - Sandra Cardwell, Managing Director of Edgewater.

 

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