Broker Network signs up former Oval business

Broker Network has added its 20th member of 2010 after signing up Clevedon based AJP Insurance.

The broker’s principal Andrew Tett recently completed the buy-back of his business from Oval having sold his business Tett Hamilton to the broker in 2007 (See story: Oval sells two brokers back to vendors).

It is now trading as AJP Insurance and has joined forces with fellow senior executive Derek Martindale who was formerly principal of Calender Jefferies which was a Broker Network member before the business was sold to Bluefin in 2007.

AJP Insurance has premium income in excess of £9.5m primarily in the commercial space. The brokerage will be led by five business leaders who will work alongside a team of twenty four.

Broker Network managing director Nick Houghton said: "We’re really keen to work closely with AJP Insurance and looking forward to helping grow their business significantly over the coming years. We’ll be supporting their ambitions to differentiate their business in the market to help them see real benefits in the short term.”

Andrew Tett, principal of AJP Insurance said: "As the preeminent network proposition we had no doubt that Broker Network was the ideal partner to work with. They have a reputation for delivering on their promise of growth and profitability. What's more their business service proposition and first class management team and staff will undoubtedly help drive our business forward".