News
THB completes acquisition of team to boost global business
19th December 2008, London - specialist broker THB has completed the acquisition of its appointed representative, GlobeSure, to strengthen its offering to international clients.Through the acquisition of the business of PWS International in January this year, THB gained established and strategically-placed offices in Europe, Asia, the Middle East and the Americas. The Board has since emphasised that it would focus on maximising the value of this investment and identifying acquisitions that would deliver enhanced results from this global network.
This experienced team provides reinsurance solutions to a broad range of major industrial clients with complex risk portfolios, including catastrophe exposures.
Frank Murphy, Chief Executive of Thompson Heath & Bond Ltd, confirmed:
"Since our acquisition of PWS we have been looking to sign first rate teams and businesses to maximise the potential of our existing international operations. Having already worked successfully with GlobeSure, we know this new team has the right experience and market relationships to help us tap into growth sectors that we have identified. Indeed, we see potential for additional teams and are very fortunate to have had a recent vote of confidence in our strategy in the form of a significant equity injection."
