Cox silent on SHW deal
Cox Insurance has refused to comment on speculation that it is set to purchase Lloyd's broker Sterli...
Cox Insurance has refused to comment on speculation that it is set to purchase Lloyd's broker Sterling Hamilton Wright.
The deal, expected to be announced later this month, will eliminate competition between Cox's HML Marketing and the marketing division at Sterling Hamilton Wright. The two teams are likely to be merged.
The move builds on Cox's current acquisition strategy, which focuses on high-street, personal lines intermediaries. However, acquiring Sterling Hamilton Wright will provide Cox
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