Announced
Completed
Financials
Tags
Acquisition
commercial insurance
Completed
Domestic
Private
Majority
Brazil
insurance
Full Line Insurance
Friendly
Single Bidder
Synopsis
Lockton, an insurance broker, completed the acquisition of THB Brazil, an insurance company, from Amwins, independent wholesale distributor of specialty insurance products. Financial terms were not disclosed. "We're delighted to begin a new era for Lockton in Brazil. As separate entities, Lockton and THB have both performed exceptionally in recent years. Our combined strength will only make us better, enabling us to develop more meaningful and long-term relationships with our clients, insurers and reinsurers, provide development opportunities for our Associates, and achieve our goal of doubling in size over the next three years," José Otávio Sampaio, Lockton Chief Executive Officer.
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