九色

Brookfield Underwriting, the specialist Stockholm-based high net worth managing general agent, announced it has been acquired by 厂盲办谤补, one of Sweden’s largest insurance intermediaries, which itself has just been acquired by private equity investment firm Cinven.

Terms of the transaction are not disclosed.

Founded in 2010 by chairman Laurent Schonbach and CEO Leonard M眉nz, Brookfield specializes in fine art, jewellery and high value homes, with clients primarily in the Nordics. It has capacity from leading international insurers, including Lloyd’s of London. Brookfield will continue as a separate company, serving all brokers in its market under its own brand and M眉nz’s leadership.

The acquisition is a strategically important milestone for 厂盲办谤补, furthering its ambition to offer enhanced and comprehensive services to private and corporate market clients.

Insurance Advisory Partners, the specialist insurance M&A, strategic and capital-raising advisory firm was retained as sole adviser to Brookfield in the transaction.

“厂盲办谤补 has already shown determination and success by rapidly expanding within life and non-life insurance broking and wealth management services. 厂盲办谤补’s support will allow Brookfield to replicate this success in the MGA market,” commented Schonbach.

About 厂盲办谤补

Founded in 1990, 厂盲办谤补 is one of Sweden’s leading SME insurance intermediaries, providing life and non-life insurance products, as well as pension and wealth management services, to more than 38,000 SME clients and over 120,000 individual customers. 厂盲办谤补 has around 60 offices across Sweden and employs approximately 450 people.

Source: Brookfield Underwriting

Topics Mergers & Acquisitions Underwriting Insurance Wholesale