Giles director Brooke to focus on M&A

Giles retail managing director (south) Simon Brooke is no longer part of the consolidator's executive management team, Insurance Times has learnt.

Brooke has been handed a new role focusing on the expansion of the Giles business which confirmed it is preparing to hit the acquisition trail once again.

Giles said: "Simon Brooke has elected to adjust his role within Giles and will now focus on M&A and servicing key clients. His knowledge and expertise from previous acquisitions in SBP will be invaluable in our drive to find and secure suitable acquisition targets as we once again step up our activity in this area and we wish Simon every success in this new role."

No decision has been made on a replacement for Brooke’s previous role on the board.

Brooke joined Giles in November 2008 following the buyout of his Leeds-based firm SBP Group, a £32m GWP broker specialising in transport insurance.

He joined the Giles top team following the departure of retail managing director Howard Pearson in March.