World Insurance Report
SOC buys Richmond
Sedgwick Oakwood Capital has acquired members’ agent Richmond Underwriting for £1.4m (US$2.2m). The acquisition positions
Sedgwick Oakwood
Lloyd’s Underwriting Agents as the second largest with a combined capacity of £715m. The deal comes hot on the heals of CBS’s purchase
of
Amlin’s members’ agency, and reduces the total number of members’ agents in
Lloyd’s to just seven.