Tysers has completed its acquisition of Risk Transfer Group, the privately-owned principal parent company of specialist Lloyd’s broker, RFIB.

The London-based firm was acquired by the Integro Group in June 2018 and was subsequently transferred into the company’s wholesale division, its largest business segment.

With the addition of RFIB, the combined businesses manage £2.3bn in insurance premiums and employ over 1,100 people globally. The deal also expands the both firms’ global presence with local offices in Europe, Asia, Middle East, Australia and Bermuda.

Co-head of Tysers Broking, David Abraham said: “RFIB adds further well-respected teams to Tysers. We have a great opportunity to attract and further retain the best, entrepreneurial talent in our industry.”

Chief executive officer of RTG, Steven Beard added: “We have a shared goal of being the leading independent specialist. This joining of forces will improve the breadth of services we can provide to our clients and provides an attractive proposition to the market.”

Integration plans are underway with the objective of combining operations of the firm in 2020.

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