OneAdvent completes Management Buyout

OneAdvent, a company specializing in services for insurance intermediaries and brokers, has successfully undergone a Management Buyout. This change aims to enhance the company’s influence and range of products in the UK and Europe.

The buyout was spearheaded by Tim Quayle, who previously served as the Managing Director and will now assume the role of CEO. David Hill, the company’s founder and former CEO, remains involved as a non-executive director.

The funds secured from this buyout will be invested in forming new business relationships and enhancing the company’s skills. The goal is to find more opportunities for current and prospective partners in the insurance intermediary and broker sectors.

CEO Tim Quayle views this development as a significant milestone for OneAdvent. He plans to use the newly acquired funds to expand the company’s services and capabilities, both in the UK and Europe. Quayle sees considerable potential in the growing insurance intermediary sector and believes that OneAdvent’s independent and flexible platform can serve this market effectively.

Quayle assured that while the buyout gives OneAdvent stronger financial standing, the company will retain its unique identity and continue its independent approach, which their current partners value.

David Hill, who will continue to be part of the company as a non-executive director, expressed enthusiasm about the buyout. According to Hill, it offers an excellent chance to secure the company’s future and help their clients grow at an accelerated pace.