Tysers Completes Acquisition of RFIB
Integro Insurance Brokers Holdings Limited, the parent of UK-based firm Integro Insurance Brokers Limited which trades under the Tysers brand, today announced it has completed its acquisition of Risk Transfer Group (“RTG”), the privately-owned principal parent company of RFIB, a leading independent specialist Lloyd’s broker.
This acquisition continues Tysers investment and commitment to expand into attractive, specialist insurance markets. Tysers and Integro recently merged their insurance operations in 2018. The addition of RFIB further positions the combined business as a leading independent, specialist insurance broker with over 1,100 employees globally and close to US$3bn of insurance premium. The highly complementary Wholesale capabilities will further enhance Tysers expertise and product offering. The acquisition also expands the Tysers and RFIB global presence with local offices in Asia, Middle East, Australia, Europe, and Bermuda.
Integration plans are well underway with the aim of combining operations of the firm in 2020.
Jason Collins, Co-Head of Tysers Broking said, “This acquisition furthers our vision to become the leading independent specialist broker in the UK. Our combination positions us well for the benefit of both our clients and markets.”
David Abraham, Co-Head of Tysers Broking added, “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.”
Steven Beard, RTG CEO commented, “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.”