AUB Group to acquire 80% stake in Movo Insurance.

AUB Group, an insurnce broker and underwriting agency, agreed to acquire 80% stake in Movo Insurance, an independent insurance broker. Financial terms were not disclosed. “We are delighted to join the AUB Group family. From our initial discussions with Mike Emmett and the AUB team, it was clear that our business models were closely aligned. We sought a partner who could help us achieve our strategic goals, including a strong emphasis on social impact, and AUB is an ideal fit," Lea Cheesbrough, Movo CEO.