"Progressive" Brokerage Reports Major Growth Over Last Six Months

The boutique brokerage that billed itself as the “most progressive in the industry” has reported significant growth over the six months since it launched, following what it called a “successful talent acquisition strategy” and “significant client wins.”

McGill and Partners gained prominence earlier in the year for offering employment contracts based on “trust” with no fixed working hours or limits on holiday. Since then, the broker said that headcount has grown from five to 134, and that the firm will be handling in excess of $250 million of premium flow going into 2020.

The firm also expects to be serving over 1,000 clients next year and has initiated preparations to launch in New York and Miami as part of its global plans.

Additional milestones include the appointment of John Lloyd as chairman, as well as the hiring of a senior team that includes head of strategy & innovation Stephen Cross, chief financial officer Oliver Corbett, chief operating officer Denise Garland, and head of specialty broking Karl Hennessy.

“We are proud to be building a new British business at scale, despite the context of Brexit,” said Steve McGill, founder and chief executive officer of McGill and Partners. “We launched McGill and Partners, one of the largest new business enterprises in the UK in 2019, to provide clients with focused, high quality broking and advice in a consolidating market. We want to be deliberately different by design, culturally as well as strategically. We’ve created a unique employment package which is built on a contract of trust. Within that, we believe in our staff to do the right thing and do what’s best for them and their work/life balance. I’m incredibly excited about the huge opportunity we have ahead.”