Reinsurance brokers Holborn Corp. of New York and W.J. Lehrke Co. of Edina, Minnesota, have agreed to merge.
Details were not disclosed.
The combined firm is operating under the Holborn name, and all current Lehrke personnel will consolidate with those in Holborn’s Minneapolis office headed by Tom Frank, according to the announcement.
Holborn Corp. , which was founded in 1920, became exclusively owned by its employees in 1998. Frank T. Harrison is CEO.
Earlier this month, Holborn Corp. acquired an ownership stake in Stonybrook Capital LLC, an investment banking advisor for the insurance and reinsurance industries.