Following the passing away of his father, Joe, Stephen Wall, is to take a controlling equity shareholding at Adelphi Insurance Group – and to become its executive chairman.
Mr Wall said: “I am delighted to take a formal position within the group which is at an exciting stage of its development.
“The business is growing month on month and has built some very sound foundations.
“There are a number of interesting developments and I look forward to helping the current team build upon their excellent start after what has been a difficult year professionally and personally.”
Wall’s move to Adelphi, which is subject to regulatory approval, comes after the death of his father, Joe, who was the founding chairman of the business.
It has offices in Cheshire and Milton Keynes and currently has 19 members of staff and two trading businesses.
Wall added: “I believe that we can now kick on and create something very special that will go some way to leaving a lasting legacy in the industry my father worked in for over 40 years.”
He continued: “We have a strong management team and an excellent pipeline of business and I am relishing the challenge.”
Wall and his father left Bollington Insurance Brokers in February 2012 amid sweeping changes at the broker which was then owned by Groupama.
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