It’s official: Lloyd’s broker RFIB is now a member of the Tysers family.
Integro Insurance Brokers Holdings Limited, the name behind UK-based firm Integro Insurance Brokers Limited which trades under the Tysers brand, has completed its acquisition of RFIB’s principal parent company Risk Transfer Group.
The transaction, financial details of which were not disclosed, was described as a continuation of Tysers’ investment and commitment to expand into attractive and specialist insurance markets.
“Tysers and Integro recently merged their insurance operations in 2018,” noted the enterprise in its announcement. “The addition of RFIB further positions the combined business as a leading independent, specialist insurance broker with over 1,100 employees globally and close to US$3 billion of insurance premium.
“The highly complementary wholesale capabilities will further enhance Tysers’ expertise and product offering. The acquisition also expands the Tysers and RFIB global presence with local offices in Asia, Middle East, Australia, Europe, and Bermuda.”
Operations will be combined this year, with integration plans said to be well underway.