Specialist insurance broker THB Group has announced the conclusion of its acquisition of the Lloyd's broking business of PWS International and certain overseas interests of the PWS group.

Vic Thompson, group CEO of THB, said: Although there were some legal complexities, these have been overcome by the ambition and focus of all those involved to complete a deal which enables the enlarged THB Group to position itself as a top choice for clients seeking specialist global insurance solutions.

Stephen Card, former CEO of PWS and now CEO of THB International, added: The two businesses complement each other’s operations well and their combined strength will give rise to exciting opportunities to progress further into worldwide markets with our specialist expertise.