Deal widely reported to be worth around £40m

Cooper Gay Swett & Crawford has completed its purchase of NMB after receiving approval from the Financial Conduct Authority.

It was reported back in February that the global wholesale and reinsurer had agreed terms with the independent Lloyd’s insurance and reinsurance broking group, Newman Marting and Buchan, after they entered into talks last September.

Although the deal was widely reported to be worth around £40m, the terms of the acquisition have not been disclosed by Cooper Gay.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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