The U.K.’s Personal Investment Authority has approved the acquisition by London’s Benfield Greig Group of Dallas-based reinsurance broker E.W. Blanch.
The action clears the way for the merger of the two leading global reinsurance intermediaries.
Benfield’s tender offer, which opened April 30th, is due to expire on May 25th, unless further extended. Upon completion the new company, to be renamed Benfield Blanch in the U.S., would become the third largest global reinsurance broker, surpassed only by Aon and Marsh, Inc.’s Guy Carpenter.
Was this article valuable?
Here are more articles you may enjoy.
Fla. Regulators’ Effort to Remove Insurer Execs May Not Pass Constitutional Muster 
Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance 
Two Montgomery Workers Charged with Insurance Fraud in Alabama 
‘Buffett Got it Wrong’ on California Fire Risk: PG&E CEO 
