Malago Insurance Brokers announces acquisition

Malago Insurance Brokers (Malago), an insurance brokerage based in Bristol, has announced the acquisition of Mulberry Insurance Brokers (Mullberry), following the retirement of Keith Johnson, its principal.

“After more than 40 years, the bitter-sweet moment has arrived when I have decided to retire. It was not an easy decision as I have enjoyed my role so much,” said Johnson regarding his retirement.

“Building up relationships with my clients was crucial to me, and I was conscious to leave them in safe hands. With a similar client base and values, Mathew [Rowles, managing director at Malago] is just that,” he added.

“Having known Keith for many years, I am really pleased to add his customers to our growing portfolio. We will offer continuity to his client base: something that I know was very important to Keith when he was contemplating retirement,” said Rowles.

“Our values at Malago, and indeed our existing client base, bear strong similarities to Mulberry’s, so I am confident that we will be able to offer a seamless transition.”

In order to ensure a smooth transition, Johnson will join Malago to make sure that the needs of clients are being met..

“We will continue to offer service to Keith’s clients in the same way that they appreciated it from him: with an emphasis on the personal touch and getting to know each business and their owners,” said Rowles.

“Current clients of Mulberry Insurance Brokers can be assured that any current insurances will continue to run until renewal, at which point we will be in touch under the Malago brand,” he added.

Malago is an independent insurance brokerage specialising in commercial insurance. Its compliance firm is Momentum Broker Solutions, which is the same as Mulberry’s.