As you may have seen in the press, we have sold the Offshore & Marine Insurance Services (OMIS) business to Bennett Christmas Insurance Brokers, part of Ethos Broking, with effect from 1st June 2020.
Since we acquired the business in December 2017, the sole focus has been to invest in the OMIS business, and restore it as a profitable and growing business whilst maintaining all of the service values that the business was built on. I’m very proud about how we have achieved those things so quickly, and so successfully.
It’s been a tremendously difficult decision, but after 900 days of being the custodian of this specialist business, we have made the business a very attractive proposition. It’s the right thing to do for all concerned to pass it on to a new owner who shares our values, and who has the infrastructure to take in onto another level. I would like to thank the many clients who supported the business during our ownership and who made the job so genuinely interesting.
As a business, we’re not even 3 years old yet, but in that time I have bought a business, grown another business from scratch, fixed a business, and now sold a book of business. Quite a whirlwind, but the learnings are endless and I’ve enjoyed every minute.
So as this chapter ends, the sale now leaves us 100% focussed on the now-established Gen2 Group business, which is in great shape. We have a fantastic team, a shared purpose, a clear vision and a collective future that we are all very excited about. I’m desperately looking forward to the next chapter – I predict lots of hard work, energy, results and fun.
Now the handbrake is really off. Hang on to your hats.
