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Seventeen expands in Lloyd’s and London market with latest deal

Lloyds

Seventeen Group has bought Dashwood Brewer & Phipps, labelling the deal as “transforming” its Lloyd’s and London market capabilities.

Founded in 1919, DB&P has been operating within the Lloyd’s market for more than 50 years.

The new owner confirmed DB&P will keep its brand and become the “Lloyd’s pillar” of the group, sitting alongside retail broking arm James Hallam and managing general agent Touchstone Underwriting.

Dashwood’s leadership team will stay on, with Louis Belcourt named managing director. He will also join Seventeen Group’s executive committee.

According to Seventeen, the combination of DB&P’s expertise and

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