AnaCap-backed MRH Trowe, an owner-managed commercial lines insurance broker in Germany, completed the acquisition of a majority stake in afm Holding, an industrial insurance broker. Financial terms were not disclosed. This latest investment follows the strategic roadmap undertaken by the group, aimed at expanding its in-house capabilities and strengthening its geographical coverage. With this acquisition, MRHT is further increasing its coverage in Northern Germany, aided by the creation of a strong footprint in Hamburg.