Global network of insurance companies, HW Kaufman Group, has purchased Barbican Protect for an undisclosed amount, pending regulatory approval.

The London-based MGA specialises in commercial property, casualty, financial lines and marine, with a particular focus on regional retail brokers across the UK. As part of the deal, it will be rebranded Burns & Wilcox and will operate in the group’s offices in London and in Manchester.

Chairman, president and chief executive officer of the group, also the parent company of Burns & Wilcox, Alan Jay Kaufman said: “Barbican Protect’s leadership in risk solutions adds a powerful resource to the Burns & Wilcox underwriting platform as we expand in the UK and build the capacity to continue to grow globally.

“Barbican Protect has created a unique and dynamic position supporting insurance brokers throughout the UK with a solid, successful operating model,” he added.

Managing director at Barbican Protect Limited, Stuart Kilpatrick, who led the MGA for ten years, will serve as managing director for Burns & Wilcox.

“The strength of our longstanding relationships and technical underwriting expertise has allowed Barbican Protect to successfully grow and develop over a number of years.”

“Kaufman’s investment further enables us to continue that momentum under the Burns & Wilcox brand,” he added.

The deal marks the fourth acquisition by Kaufman in the UK in the past seven years, as the company follows a strategic growth plan to expand its global reach.

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