The Broker Investment Group (TBIG) has appointed Chris Haggart as its new group CEO, prompting a shake-up at his former firm Hedron Network.
The move follows a period of strong growth for TBIG, both organically and through acquisitions of regional brokers, alongside the expansion of its managing general agent (MGA) division. To support the next stage of development, the board reviewed its leadership structure and responsibilities.
As part of the changes, Dave Clapp, who has served as group CEO for the past four years, will transition into the role of deputy chairman. Clapp, who had been operating on a four-day schedule, will now focus on macro strategic initiatives and lead TBIG's M&A activity, working closely with executive chairman Peter Cullum and the incoming group CEO.
Haggart (pictured above, left) joins from Hedron, part of Brown & Brown, where he oversaw 180 broker members with a combined premium in excess of £1 billion.
Successor named at Hedron
At Hedron, Duncan Pagan (pictured above, right) succeeds Haggart in the CEO hotseat. Pagan, who has more than 20 years of experience, was managing director of Bluefin Networks before it became Hedron upon acquisition by Brown & Brown in 2021.
Mike Bruce, CEO of Brown & Brown Europe, said Pagan's experience will help the company in understanding the challenges network brokers are facing.
Commenting on his appointment, Pagan, whose appointment is subject to regulatory approval, said he is looking forward to supporting Hedron to move into the next phase of development.
TBIG well-positioned to support brokers
Meanwhile, Haggart said TBIG’s focus on backing independent brokers and its track record of delivering growth made the opportunity compelling. He added that the group is well-positioned to support brokers in navigating today’s market challenges and building stronger businesses.
The appointment comes at a time of continued consolidation in the UK insurance distribution sector, with acquisitive groups and networks competing to attract high-performing brokers. TBIG’s strategy of combining organic growth with targeted acquisitions, alongside its growing MGA platform, places it among a number of firms seeking to strengthen scale and capability while maintaining regional broker independence.
