Ballantyne Brokers ‘nimble, flexible and ready to scale up’ after management buyout

Specialist London-based insurance broker  Ballantyne Brokers’ management team has completed a buyout from its parent company K2 Insurance Services. Management claims the company is now “nimble, flexible and ready to scale up”.

The management buyout was led by original founders, Ross Ballantyne and Richard Spragg, and chief operating officer, John Harris who will continue to lead the company as it moves forward as an independent entity.

The buyout will enable Ballantyne Brokers, which is now 100% owned by its employees, to focus on its core business in the UK, Europe and North America. The firm offers personalised service and tailored insurance solutions in the commercial insurance market with a key emphasis on cyber, professional liability, property and casualty, personal accident, medical malpractice, financial services and D&O.

"We are delighted to have completed this management buy-out and to be moving forward as an independent company," said Ross Ballantyne, co-founder of Ballantyne Brokers. “We are grateful to K2 Insurance Services for their support over the past few years, and we are excited about the opportunities that lie ahead.”

Richard Spragg, co-founder of Ballantyne Brokers, added: "We have some ambitious plans in the pipeline which include expanding our team of talent. We’re an entrepreneurial firm, offering the right people an amazing career progression as well as their very own stake in the company. If they are motivated, willing to work hard and are committed to helping Ballantyne Brokers succeed, then we’d love to hear from them. Already, we’ve made two new appointments this year which we’ll be announcing very shortly.”

John Harris, chief operating officer of Ballantyne Brokers, said: “Over the past two years, we have been busy laying down the foundations, adopting the latest technologies, employing exceptional talent and the buy-out has been the icing on the cake. The fundamentals are all in place; being 100% employee-owned means that we are nimble, flexible and ready to scale up. It's a really exciting time.”

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