Rent Shield Takes Stake In Lloyd Broker
NU Online News Service, March 5, 11:30 a.m. EST?Rent Shield Corp., a program manager, said it has agreed to acquire a 49 percent interest in Dashwood, Brewer & Phipps Ltd, a Lloyd's insurance broker for U.S. $2.7 million.[@@]
The acquisition in Dashwood would allow the firm to recapture brokerage expenses on placements of insurance related to its business operations through the Lloyd's markets. This includes the recently launched residential rental guarantee program.
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