Charterhouse Capital has bought 41% stake in broker

Private equity house Gresham has sold its 41% stake in Giles to Charterhouse Capital for an undisclosed sum.

Aviva-owned Norwich Union is also thought to be in talks with Charterhouse about selling its 7.5% stake.

The broker’s chief executive, Chris Giles, currently owns a 20% stake. He plans to remain with the company, Gresham said today.

Andy Marsh, partner at Gresham, said: “When we invested in Giles two years ago, its ambition was to create a national commercial insurance broker with market leading specialisms. We believe the business has achieved these ambitions and it now superbly placed to continue its success with Charterhouse Capital Partners.”

Chris Giles said: “Charterhouse has clearly realised that the business has significant further growth potential.”

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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