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London-based brokerage Howden Group Holdings Ltd. has invested in reinsurance managing general agent Tamesis Dual Ltd., Howden announced Wednesday.
The $84 million investment was provided by Howden and an unnamed third-party investor, the brokerage said in a statement.
Tamesis is part of Dual Group, a London-based MGA that has seven offices in the United States and offers retrocessional excess of loss coverage.
“This new binder, supporting this class, gives Tamesis increased capacity in an area which is seeing significantly improved pricing,” Dual CEO Richard Clapham said in the statement.
U.K.-based Howden Insurance Brokers Ltd. has agreed to purchase professional indemnity insurance broker St Giles Legal & Professional Risks Ltd., Today's Conveyancer reports. The acquisition will strengthen Howden's presence in the professional indemnity space.