UK based Lloyd’s broker John Holman & Sons has completed the acquisition of non-marine business of London Market Insurance Brokers (LMIB).
Holman chief executive Andrew Holman said although international business used to be a major part of the company’s portfolio in the past, in recent years it has focused exclusively on their UK wholesaling.
"Whilst the UK will continue to be an area of major focus we are excited that this acquisition allows us to begin to develop an international book of business alongside our growing UK wholesale activities," Holman said.
As per the agreement, four of the LMIB staff will move to Holman’s offices in the London Underwriting Centre.