Two are about to become one in broking circles after a significant deal was secured between Lloyd’s broker and delegated authority specialist Endeavour Insurance Services, and fellow Lloyd’s and independent specialist marine broker SSL Insurance Group.
It has been revealed that the two firms are being acquired by a fund advised by JC Flowers & Co in a merger expected to go through in the second quarter of the year, subject to regulatory approval. The move will see Endeavour, which focuses on the placement of business produced by North American and European agents handled under delegated authorities and employs 44 in its London headquarters, unite with SSL, a marine broker supporting clients in more than 80 countries, employing 42 and with a substantial book of fleets. It too is headquartered in London.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.