THB Group expands into underwriting following results
Specialist insurance and reinsurance broker, THB Group plc, issued interim results showing strong income growth. In a statement, it said: 'THB has successfully completed the first phase of its integration programme following the acquisition of the Lloyd’s broking teams and overseas businesses of PWS in January. It has also recently expanded into underwriting services with the establishment of a new company, Unicorn Underwriting.'
“Although THB is not immune from the effects of continuing soft rates and the depressed dollar, we have ambitious plans for the business”, remarked Clive Williams, chairman.
Group chief executive, Vic Thompson stated: “As we celebrate our 40th anniversary, THB is in a stronger position than ever. As well as the strength of our core Lloyd’s broking operations and progress in our risk management businesses, this year we have also taken a bold and exciting step into the international arena through
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