The H.W. Kaufman Financial Group said it has acquired Global Excess Partners, a New York City-based specialty insurance organization that offers underwriting programs on behalf of Lloyd’s and other carriers and is focused on large and middle market property accounts.
Global Excess Partners will retain its entire leadership team, staff and office in New York, according to the parties, and will will operate as an independent entity within the global Kaufman Financial Group network. Diarmuid Hogan is president and CEO of Global Excess Partners, which was founded in 1997.
Alan Jay Kaufman, chairman, president and CEO, Kaufman Financial Group, said the deal gives his firm a “significant” New York City presence and greater large property capacity, while making it more globally competitive. The deal also furthers its relationship with Lloyd’s, the company said in a statement.
The Farmington Hills, Michigan-based H.W. Kaufman Financial Group includes a global network of companies in 45 offices across the United States, Canada and London. Its companies include Burns & Wilcox, Chesterfield Insurance Brokers (London), Coleman and Kaufman, R.B. Jones and Minuteman Claims Administrators.
Was this article valuable?
Here are more articles you may enjoy.
Home Insurance at $10,000 a Year Shows California Buyers’ Pain 
Allstate, Nationwide Post Dramatic Q12024 Homeowners Loss Ratio Drops: S&P 
Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators 
A $29 Billion Weed Market Fights to Diversify Amid Legal Hurdles 
