Beazley Group plc, Lloyd's syndicates, announced it has acquired London-based Momentum Underwriting Management Limited, a personal accident and life underwriting management agency, in a transaction worth up to $37.5 million.
MUM, which began operations in 2000, also has an office in Australia and is led by founders Christopher Branch, Martin Power, Marc Frost and Mark Edwards, Beazley said.
MUM plans to underwrite around $100 million of gross premium for 2009, and Beazley said its support gives MUM new growth opportunities.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.