H.W. Kaufman Group, a global network of insurance companies, has completed its previously announced takeover of Barbican Protect Limited from Barbican Insurance Group, expanding its presence in the UK market.
As announced in November of last year, Barbican Protect is to rebrand as Burns & Wilcox, a subsidiary of H.W. Kaufman, and join H.W. Kaufman Group London.
The acquisition marks the organisation’s fourth in the UK during the last seven years, and sees Kaufman acquire a specialist MGA focused on numerous business lines.
Commenting on the completion of the deal, Alan Jay Kaufman, Chairman, President and Chief Executive Officer (CEO) of H.W. Kaufman Group, commented: “H.W. Kaufman Group is pleased to announce the closing of the acquisition of Barbican Protect Limited, effective today.
“Barbican Protect, an MGA that specializes in commercial property, casualty, financial lines and marine across the United Kingdom, joins the Kaufman family of companies rebranded as Burns & Wilcox. This is the fourth acquisition by Kaufman in the U.K. over the past seven years, as we follow a strategic growth plan to serve our growing roster of international clients.”
James Stevenson, Managing Director, H.W. Kaufman Group London, added: “We are thrilled to officially welcome Barbican Protect into the H.W. Kaufman Group network – an acquisition that strategically provides choice and expertise for brokers in the U.K. at a time when many providers are leaving the market.
“Adding Stuart Kilpatrick to the Burns & Wilcox leadership team as Managing Director brings strength through relationship building and sought-after technical expertise in niche sectors and markets.”