Costero Brokers has brought forward plans to merge with recently acquired Prospect Insurance Brokers.

The combined business will be led by executive vice presidents Nick Murrell and Jamie Webb. The Lloyd’s broker has also launched a revamped website.

Webb said: “We're thrilled to have merged with Costero Brokers as the operational benefits were obvious and the new website was essential to more accurately reflect the new company’s modern and dynamic culture.”

Costero was formed in 2017 and has expanded from its initial focus on property and professional lines. It is looking to recruit additional individuals and teams to further its expansion.

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