Xenia Broking Group Ltd. reports it has has acquired the trade credit and financial and specialty risk teams from specialist Lloyd’s insurance broker Parker Norfolk & Partners Ltd.
The deal signals Xenia’s launch into the financial and specialty risks market, which the firm said supports its position as a specialist credit and surety broker.
The transaction marks Xenia’s sixth acquisition to date. The deal brings two business units and five brokers into Xenia Group. Richard Bishop, head of Financial and Specialty Risks, and Laura Ferguson, head of Trade Credit, at Parker Norfolk will be among those joining Xenia.
Xenia was formed through the acquisitions of two credit insurance brokers, Credit Risk Solutions (2017) and Credit & Business Finance (2019), and the addition of the Howden trade credit team in 2020. Xenia has 65 employees and seven locations in the United Kingdom.
Xenia Broking Group is part of the Nexus Group, a London-based managing general agent.
Parker Norfolk is owned by Altra Consultants Ltd., an investment vehicle owned by Tracey Anderson, Alan J Wallace and Maven Capital Partners.
Topics Mergers & Acquisitions Agencies Excess Surplus London
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