Euclidian Group is unifying its broking operations and merging two of its subsidiary companies, following a review of its corporate structure.

Euclidian Risk Management will be merging with Euclidian Financial Services and will trade as Euclidian Insurance Services. It will sell UK commercial and personal lines business and manage affinity groups, schemes and mutuals.

The company is registered as a broker and has over 250,000 clients.

Euclidian Insurance Services will operate from Euclidian's existing offices in Egham.

The company's Farnham office, which has so far been occupied by Euclidian Financial Services, will be closed. There will be no redundancies.

Euclidian Group's chief executive officer, James Truscott, who will become Euclidian's executive chairman from March 31, is taking on the responsibilities of managing director of Euclidian Insurance Services.

He said: “We decided that our broking operations would really benefit from being unified, and operating as one division in the same office.

“There are a lot of opportunities for cross-fertilisation of business and the team are really enthusiastic about working together.”

  • See Lloyd's Focus page 14.

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