Broker established in 1887 transitions to employee ownership trust

TH March Insurance Brokers has announced that it is transitioning to an employee ownership trust (EOT).

The jewellery and allied trades specialist said it had made the move as it looks to secure its long-term independence and “recognise the invaluable contributions of its employees to its continued success”.

“The transition will empower TH March’s employees, enabling them to contribute to decision-making processes and benefit from the company’s long-term growth,” the broker added.

Under the new EOT structure, the company will continue to operate with the same leadership team. It said that this would ensure a “smooth transition with no disruption to colleagues, customers, partners and communities”.

Simon Dawe, managing director at TH March, said: “This is a proud moment in our company’s history. Becoming an EOT allows us to preserve our independence while ensuring our dedicated colleagues have a direct stake in the future success of TH March.

“Our customers will continue to receive the same high standard of service, with the added assurance that our team is fully invested in delivering excellence. We have a strong leadership team at TH March, fully capable of driving the company’s growth strategy and guiding our colleagues through this transition.

“This is an incredibly exciting time for us as directors and for our colleagues, as we embark on a transformative journey that will truly set us apart in our sector.”

‘Sustainable future’

TH March is a broker that was established in 1887 by Thomas H March.

It offers insurance for individuals’ personal valuables, collections and high value homes.

Mark Smith, non executive director and chairman at TH March, said: “For more than 137 years, we have proudly maintained our independence, even as industry consolidation has seen many competitors absorbed by larger corporations.

“That has never been our path. Transitioning to an EOT ensures a stronger, more sustainable future benefiting everyone involved.”