Geographic expansion plans are giving U.S. specialty insurers and wholesale brokers a broader presence than ever before, with at least two this month announcing tactics to increase their reach beyond U.S. borders.
From its headquarter offices in Farmington Hills, Mich., Burns & Wilcox, a national specialty wholesaler and managing general agent, announced it is forming a new business entity with C.J. Coleman & Company, a London-based wholesaler, in mid-April.
Earlier in the month, Bermuda-based Argo Group International Holdings announced it had made a $272 million cash offer to acquire Heritage Underwriting Agency, Plc, a Lloyd's insurer, creating a combination that Argo said broadens its international presence.
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