Cheesbrough details merger and acquisition and tech strategies for Movo’s new growth phase

Movo Partnership CEO Lea Cheesbrough recently announced the company’s plans to expand through mergers and acquisitions (M&A) and attract new members after AUB acquired a majority equity stake in October 2024. Cheesbrough highlighted the opportunities presented by the current market conditions, which have seen a decrease in M&A activities among brokers and Applied System’s reduced presence in the UK market. She emphasized the potential for growth with the support of Movo’s owner, positioning all of its businesses for success.

The Movo Group of Companies is gearing up for a new phase of growth, with Cheesbrough underscoring the need to capitalize on the momentum generated by the recent acquisition. Despite facing a challenging market environment, Cheesbrough expressed optimism about the future prospects of Movo Partnership, which currently boasts a network of 125 brokers and controls £170 million in gross written premium. With a team of 50 dedicated staff members, Movo Partnership is well-equipped to navigate the evolving landscape of the insurance industry.

Cheesbrough pointed out that the acquisition by AUB provides Movo Partnership with the financial backing and resources needed to execute its strategic plans. This includes pursuing M&A opportunities to enhance its portfolio of services and attract new members to the network. Cheesbrough highlighted the importance of leveraging Movo’s existing strengths and expertise to drive growth and achieve synergies across its various businesses. The acquisition sets the stage for Movo Partnership to enter a new phase of expansion and solidify its position as a key player in the insurance market.

The Movo Group of Companies is well-positioned to capitalize on the changing dynamics of the insurance industry, with Cheesbrough leading the charge towards growth and innovation. By focusing on strategic M&A activities and attracting new members, Movo Partnership aims to strengthen its market presence and offer enhanced services to its clients. With the support of AUB, Movo Partnership is poised to achieve its ambitious growth targets and establish itself as a leading player in the insurance sector.

Overall, the acquisition by AUB marks a significant milestone for Movo Partnership, signaling the beginning of a new chapter in its growth trajectory. With a strong team in place and a clear strategy for expansion, Movo Partnership is well-positioned to capitalize on emerging opportunities in the insurance market. Cheesbrough’s vision for the future of Movo Partnership underscores the company’s commitment to excellence and innovation, driving forward its mission to create value for its members and stakeholders. The outlook for Movo Partnership is positive, with exciting prospects on the horizon as it embarks on its journey towards accelerated growth and success in the insurance industry.