Harman Kemp North America Ltd, a subsidiary of HWS Holdings Limited (HWS), said it has chosen not to be involved with the Jardine Lloyd Thompson Group (JLT) acquisition of HWS, which was announced yesterday.
JLT said yesterday that HWS's reinsurance broking business will be combined with JLT's existing nonmarine treaty operation and will trade as part of JLT Re. JLT also said that two Lloyd's broker subsidiaries of HWS were included as part of its acquisition.
Those subsidiaries are reinsurance broker Harman Wicks & Swayne Limited and Harman Wicks & Swayne International Limited, which is a wholesale provider of small to medium-sized enterprise (SME) insurance products to the UK broker marketplace.
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