CGNMB will be the single brand for Lloyd’s brokers Cooper Gay & Company and Newman Martin and Buchan
Cooper Gay Swett & Crawford (CGSC) has rebranded its London market broking businesses to bring them under one brand.
From 1 January 2015, CGNMB will become the single brand combining Lloyd’s brokers Cooper Gay & Company and Newman Martin and Buchan (NMB).
Cooper Gay & Company and NMB chief executive Gordon Newman said: “During 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 17 offices across Europe, North and South America, Asia and Australia. Cooper Gay companies outside London continue to trade under their existing name.
Founded in 1987, NMB was acquired by the CGSC Group in October 2013.
The combined London businesses have more than 400 broking and support personnel supporting clients across the energy, marine, specialty, property, casualty, financial & political risk and reinsurance sectors.
CGSC Group chief executive Toby Esser said: “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.”