Insurance Age

Broker Direct aquires HBA

Broker Direct has acquired the entire share capital of HBA, an established City of London broker. HBA will continue to trade under its own identity as a wholly owned subsidiary of Broker Direct. The acquisition offers Broker Direct's members a trusted partner at Lloyd's, which it is hoped will give them greater and easier access to the Lloyd's market. Andrew Paddick, chairman of Broker Direct, said: "We want to make placing business at Lloyd's as natural for our brokers as dealing with any o

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