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H.W. Kaufman Group, a global network of insurance companies, has acquired Barbican ProtectLimited, which will rebrand as Burns & Wilcox and join H.W. Kaufman Group London. This is the fourth acquisition by Kaufman in the U.K. in the past seven years, adding to its ongoing expansion efforts.
Barbican Protect, previously of Barbican Insurance Group, specializes in commercial property, casualty, financial lines and marine, focusing on regional retail brokers across the U.K.
Commenting on the acquisition, Chris Zoidis, executive vice president of H.W. Kaufman Group said, "The H.W. Kaufman Group has a significant presence in London today, with four companies comprising our London group. While our existing London-based entities serve the U.K. as well as other international territories, Barbican Protect is the first entity in the group that focuses specifically on the UK market."
"With the rebranding of the business as Burns & Wilcox, it marks the first expansion of Burns & Wilcox outside North America, and will provide a stepping stone for further international expansion of Burns & Wilcox," Zoidis said.
In regard to any concern around Brexit, Zoidis said, "With the Barbican Protect business primarily focused on U.K. clients, the impact from any Brexit outcome will likely be minimal. Additionally, we have a number of plans in place which will ensure that with any Brexit outcome there will be very little disruption to the growth of the business."
Barbican Protect will operate in the H.W. Kaufman Group London office and in Manchester, England, as Burns & Wilcox. The transaction is expected to close in the next 60 days, pending regulatory approvals.
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Danielle Ling
Danielle Ling is an experienced video journalist and business reporter. As associate editor, Danielle manages all multimedia and reports on industry news and risk-related coverage, managing all weather-related content. A University of Maryland and Philip Merrill College of Journalism alum, Danielle previously served as a video journalist for Verizon FiOS 1 News NJ, Push Pause. Connect with Danielle on LinkedIn or email her at [email protected].
