Cooper Gay Swett & Crawford (CGSC) has announced the renaming of its London market brokerage businesses in advance of its 50th year of trading. From January 1st, 2015, CGNMB LLP will become the single united brand, combining Lloyd’s brokers Cooper Gay & Company Ltd and Newman Martin and Buchan LLP (NMB).
Gordon Newman, CEO of Cooper Gay & Co. and NMB said: “During the course of 2014 we have been working to bring Cooper Gay and NMB together and merging the two brands is a natural next step for us to take.
“We will be writing to our clients to explain in more detail how we are bringing this change about. I believe that the new name reflects the successful integration of the two predecessor businesses and we are all looking forward to being part of one business with one identity.”
The global brand of Cooper Gay was established in London in 1965. The reinsurance and specialty broker now has seventeen offices across Europe, North and South America, Asia and Australia. Cooper Gay companies outside London continue to trade under their existing name.
NMB was founded in 1987. It was acquired by the CGSC Group in October 2013. The bulletin noted that the “combined London businesses have provided a greatly enhanced presence in the London market for CGSC, with over 400 broking and support personnel supporting clients across the energy, marine, specialty, property, casualty, financial & political risk and reinsurance sectors.
Group CEO Toby Esser commented: “I am extremely proud that as we approach Cooper Gay’s 50th anniversary, our London broking business has evolved to incorporate the best of what have been two very successful individual businesses across reinsurance, specialty and wholesale lines. CGNMB will be approaching 2015 with a new name, but the same dedication to client service and delivery of excellent results.”
Source: Cooper Gay Swett & Crawford (CGSC)
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