Cooper Gay (France) SAS (CGF), the French MGA owned by Ed Broking, has announced that it plans to acquire a Belgium headquartered service company from Tokio Marine Kiln.
Following the acquisition, Tokio Marine Kiln Europe SA (TMKE) will combine with CGF to create a single business, to be named Cooper Gay.
CGF currently specialises in property and catastrophe, reinsurance, sports, and marine lines.
But it believes TMKE will bring geographical and product diversity through credit and surety, cyber, space, and accident and health lines.
The combined Cooper Gay business will have 55 staff across Belgium, France, Germany, Martinique and the UK.
It will be headed by Frédéric Chappaz, who is the current Chief Executive Officer (CEO) of Cooper Gay France.
“Since its launch in 2003 CGF has successfully developed through organic growth, and the time is now right to accelerate that growth through acquisitions,” said Chappaz.
“We are delighted to have come to this agreement with Tokio Marine Kiln, a longstanding business partner with whom we have worked closely for nearly 20 years,” he continued.
“I know our new colleagues in Frankfurt, Paris and Liege are as excited as I am about what we can achieve together. And I look forward to working with them as we build a truly pan-European MGA.”