Avid Insurance Services Limited has appointed Jon Terry into a new role of finance director.
Avid, an MGA which is majority owned by Beech Tree Private Equity, is based in Leeds and London and specialises in social housing, council leasehold markets and travel.
According to Stephen Gibson, Avid CEO, appointing a FD reflects the company’s aim to “grow inorganically as well as organically”.
He said: “We hired Mike Patchett in August, giving us presence in equine, sport and leisure, and now Jon will help us bring added focus to our M&A, where we are keen to acquire businesses and underwriting teams to underpin our ambitious plans for growth.
“Jon has extensive experience of M&A following a six-year role working alongside senior management teams and private investors at KPMG. I’m delighted to welcome him to Avid, where he will add considerably to the bench strength of our team.”
Terry added: “Steve painted a compelling picture of the opportunity here at Avid, especially around inorganic growth, and I look forward to playing my part in helping the business to meet its strategic ambitions.
“M&A is likely to be a sweet spot in the insurance sector as the industry evolves beyond the pandemic over the next 12-18 months, and Avid is well positioned to exploit those opportunities as they arise.”