Brown & Brown Europe Has Completed A Significant Transaction With The Acquisition Of 100% Of The Share Capital Of Berkeley Insurance Group; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Brown & Brown Europe has acquired 100% of the share capital of Berkeley Insurance Group. This is the first broking acquisition by Brown & Brown in the UK since its rebranding from Global Risk Partners Ltd in September 2023. Berkeley will become part of Brown & Brown's UK Retail Division, with all staff moving to the new arrangement. The Berkeley brand will remain and the business will continue to trade from its current offices.
October 05, 2023 | 1:58 pm
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POSITIVE IMPACT
Brown & Brown's acquisition of Berkeley Insurance Group expands its UK presence and adds to its retail division. The deal could potentially boost Brown & Brown's revenues and market share in the UK.
The acquisition of Berkeley Insurance Group by Brown & Brown is a significant move that expands the company's presence in the UK market. This could potentially lead to increased revenues and market share for Brown & Brown, positively impacting its stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100