6 February 2018
Watson Farley & Williams (“WFW”) has advised insurance intermediary group Global Risk Partners Ltd (“GRP”) on its acquisition of a majority stake in Camberford Law Plc (“Camberford Law”), the Bromley-based specialist MGA. The deal has received regulatory approval and the consideration is undisclosed.
Established in 1958, Camberford Law is one of the largest independently owned Insurance Brokers and Underwriting Agents in the UK. Its business comprises a range of SME and commercial schemes with specialist expertise in security, contractors, professional services and property. The business, which has capacity from composite insurers and Lloyds, was appointed an accredited Lloyds broker in 2006 and has offices in the City of London. The business wrote £38m GWP last year.
The WFW London corporate team advising GRP and working closely as always with its General Counsel, Andrew Hunter, was led by Partner Nigel Taylor, assisted by Associate Simon Elliott. Tax Partner Tom Jarvis, employment Senior Associate Devan Khagram and Associate Chris Warwick-Evans and real estate Senior Associate Robert Young also assisted.
Nigel commented: “I’m delighted to have once again been able to assist Andrew and GRP on completing another important transaction, following on from the acquisition of County Group, which closed in January. That they again turned to WFW demonstrates the firm’s expertise and reputation for advising on mid-tier UK M&A transactions”.