SHW denies Cox buyout rumours
Lloyd's broker Sterling Hamilton Wright has denied it may be bought by Cox's broking division, despi...
Lloyd's broker Sterling Hamilton Wright has denied it may be bought by Cox's broking division, despite persisting market speculation.
If implemented, the move would provide Cox with a commercial placing division with access to Lloyd's. However, Stephen Duffy, head of agency management and marketing director at SHW, said: "This rumour has been around for 12 months and there is no truth in it."
He added SHW is on target to launch a new insurer by the end of the first quarter. It aims for Minerva to
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