Brown & Brown (Europe) Ltd, which is part of Brown & Brown Inc, has agreed to acquire 100% of the share capital of Occam Underwriting Limited, a London-based MGA and Lloyd’s coverholder. The deal has received regulatory approval, although the consideration is undisclosed.

Occam comprises two MGAs, one focused on international space risks (Occam Underwriting) and the other on UK terrorism and property business (Beech Underwriting).
Occam will become part of Brown & Brown Europe’s MGA division, which includes Camberford Underwriting and Plum Underwriting and is led by Clive Nathan.

Nathan said: “This transaction follows our deal to acquire life sciences specialist Nucleus Underwriting earlier this year, and Occam meets the same criteria; not only focused on niche and specialist but also with an entrepreneurial management team and an appetite to grow.”

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