London-based R K Harrison announced that it completed the purchase of four businesses within Gibbs Hartley Cooper (GHC), a part of Marsh UK, on the 31st May.
The businesses “comprise all of GHC’s Specie and Cargo practices and most of its North America Property & Casualty and Accident, Health & Contingency practices,” the bulletin explained. “The incoming practices will be integrated within existing R K Harrison specialty lines operations.”
The four acquired operations were originally part of the Marsh purchase of HSBC Insurance brokers, which was then renamed Gibbs Hartley Cooper by Marsh.
R K Harrison’s CEO Paul Bridgwater commented: “We welcome four teams with outstanding expertise, solid client bases and great growth potential. The teams are accretive to existing R K Harrison specialty lines businesses and expand the scale and scope of our core offering to clients.”
He added that the “focus for both Marsh and RKH has been on providing a smooth transition for the staff, clients and their insurance contracts. It gives the deal great integrity and the attention to detail during negotiations will help give the new teams a flying start with us.”
Source: R K Harrison