Tysers, the specialty London-based wholesale broker, has completed its previously announced acquisition of Risk Transfer Group, the parent company of specialist Lloyd’s broker RFIB.
Integration plans are now well underway, Tysers said, with the aim of combining RFIB’s operations into the firm in 2020.
Tysers previously merged its insurance operations with Integro in 2018, and believes the addition of RFIB will further strengthen the combined business.
For example, RFIB’s complementary wholesale capabilities are expected to further enhance Tyser’s expertise and product offering.
Similarly, the acquisition will expand the Tysers and RFIB global presence with local offices in Asia, Middle East, Australia, Europe, and Bermuda.
“This acquisition furthers our vision to become the leading independent specialist broker in the UK,” said Jason Collins, Co-Head of Tysers Broking. “Our combination positions us well for the benefit of both our clients and markets.”
David Abraham, Co-Head of Tysers Broking also commented: “RFIB adds further well-respected teams to Tysers. We have a great opportunity to attract and further retain the best, entrepreneurial talent in our industry.”
And finally, Risk Transfer Group CEO Steven Beard added: “We have a shared goal of being the leading independent specialist. This joining of forces will improve the breadth of services we can provide to our clients and provides an attractive proposition to the market.”
The completion of the RFIB acquisition was announced via Integro Insurance Brokers Holdings Limited, the parent of UK-based firm Integro Insurance Brokers Limited which trades under the Tysers brand.
