Drawn out PWS buyout concluded
In a sharp turnaround, THB has completed the protracted acquisition of the Lloyd’s broking business of PWS International and certain overseas interests of the PWS group.
Vic Thompson, group chief executive of THB Group, explained why PWS represented an attractive proposition for THB: “Although there were some legal complexities, these have been overcome by the ambition and focus of all those involved to complete a deal which enables the enlarged THB Group to position itself as a top choice for clients seeking specialist global insurance solutions.”
Stephen Card, former CEO of PWS and now CEO of THB International Holdings Limited, added: “The two businesses
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