Layton Blackham Partnership has completed a deal to sell a book of business to former employees Ron Harris, David Burdett and Alan Smith who left the company last December.
The deal with the newly-formed Chambers and Newman (C&N) is due for completion on 1 May 2004, said Layton Blackham.
Under the deal, staff handling the account are to transfer to C&N, which will then join the Layton Blackham Business Solutions Partnership. C&N will trade from its new offices in Mayfair, London.
Layton Blackham chief executive Chris Blackham, said: “This is an extremely satisfactory solution for all parties which allows us to work in partnership and to concentrate on the future development of our businesses.”
C&N director Alan Smith, said: “We are delighted that we have been able to reach agreement on this matter and, by using the Layton Blackham Business Solutions initiative, it has resulted in a mutual advantage.
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.
