THB sells up to American insurer
The AmWINS Group has had a bid to buy the entire share capital of broking firm, the THB Group, accepted.
The international insurer has made an offer of 80.55 pence per share for the London-based insurance, reinsurance and risk management company that has been listed AIM since October 2002.
AmWINS places more than $6.7bn in annual premiums over 20 countries worldwide.
“This is an exciting deal and I am delighted that we have agreed terms with AmWINS,” said Frank Murphy, group chief executive of THB.
He was keen to stress that the company would remain independent regarding where it placed business
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