H.W. Kaufman acquires British MGA
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H.W. Kaufman Financial Group Inc. said Tuesday it has acquired managing general agency Barbican Protect Ltd. from Barbican Insurance Group.
Terms of the deal were not disclosed.
Farmington Hills, Michigan-based Kaufman said in a statement that Barbican Protect, which specializes in commercial property, casualty, financial lines and marine, focusing on regional retail brokers across the United Kingdom, will rebrand as Burns & Wilcox and join H.W. Kaufman Group London.
Stuart Kilpatrick, Barbican Protect’s managing director, who has led the MGA for 10 years, will become a Burns & Wilcox managing director and report to James Stevenson, managing director of H.W. Kaufman Group London, according to the statement.
Kaufman said in its statement this is its fourth acquisition in the United Kingdom in the past seven years as it expands internationally.
Kaufman said in July that it had acquired London-based managing general agent Node International Ltd., which has expertise in cyber risk and technology-related issues.
Bermuda-based insurer and reinsurer Arch Capital Group Ltd. said in July it had agreed to buy London-based Barbican Group Holdings Ltd. in a deal that will more than double its business at Lloyd’s of London.
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Arch to expand Lloyd’s presence with acquisition
Bermuda-based insurer and reinsurer Arch Capital Group Ltd. announced Tuesday that it has agreed to buy London-based Barbican Group Holdings Ltd. in a deal that will more than double its business at Lloyd’s of London.
