THB Clowes bought by Karen Ellis in MBO
THB Group has reached an agreement to sell THB Clowes to Lloyd's broker Ellis Clowes & Company, headed by Karen Ellis.
Ellis was formerly managing director of THB Clowes before launching Ellis Clowes earlier this year in a mangement buy-out.
THB Group chief executive Frank Murphy said: "Karen has a long-held ambition to start her own brokerage and after amicable discussions we concluded that it would be beneficial to the future growth of both businesses, to agree to part.
"I would like to thank Karen and her team for their contribution to THB and wish them the very best with their new venture."
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.
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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