AssuredPartners Inc. on Thursday said it has acquired London-based B&W Brokers Ltd.
B&W, which reported about $3.5 million in revenue, specializes in property/casualty insurance, Lake Mary, Florida-based AssuredPartners said in a statement. Terms of the deal were not disclosed.
B&W’s 13-member staff will continue to work under Managing Director Michael Bender and will become part of AssuredPartners’ London operations in the coming weeks.
AssuredPartners, an acquisitive, private equity-backed brokerage, is the 13th-largest broker of U.S. business, according to Business Insurance’s latest ranking. The firm has also recently been restructuring its management.
AssuredPartners Inc. has acquired Insurance and Risk Management Services Inc., the insurance broker said in a statement Wednesday.