Florida-based insurance coverage brokerage AssuredPartners has introduced the acquisition of B&W Brokers, a London-based brokerage agency.
B&W makes a speciality of property and casualty insurance coverage and serves shoppers in Canada, Australia, North America and the United Arab Emirates. The corporate studies about $three.5 million in revenues.
The B&W group will proceed operations beneath managing director Michael Bender. Bender and his workers will roll into the AP London operations within the coming weeks.
“The acquisition of B&W permits us to increase the breadth of our experience right here in London and repair the ever-increasing circulate of enterprise coming into the London market by way of our US operations,” mentioned David Heathfield, CEO of AP London. “We’ve got been wanting rigorously at increasing AP London and imagine that the B&W enterprise, along with the expertise and experience held by Mike and his group, will generate value synergies and income progress for all events instantly.”
“The workers and I are delighted to be becoming a member of David and his group at AP London,” Bender mentioned. “Whereas B&W remains to be in its infancy, we have now had a really profitable couple of years and have had varied presents to promote throughout that interval. Up till now we hadn’t thought-about any of the approaches severely, however AP London ticked a variety of packing containers for us.”
“The B&W group has greater than 25 years’ expertise within the market and has established profitable, long-term relationships with main Lloyd’s syndicates,” mentioned Tom Riley, president of AssuredPartners. “This worldwide presence is an additional dedication to AssuredPartners’ progress and prosperity when discovering new companions. We’re happy to have the shoppers and workers of B&W welcomed into the AP London operations, and we’re assured this would be the starting of an incredible partnership.”
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