Cooper Gay France (CGF) has acquired Tokio Marine Kiln Europe SA (TMKE) as part of plans to expand its European MGA business.
The deal to buy TMK’s Belgium headquartered service company will bring together the TMKE lines of credit and surety, cyber, space and accident & health. The buyers said it joins two complementary businesses and provides greater geographical and product diversity for the firm’s specialties property & catastrophe, sports, reinsurance and marine lines.
“The combined business, to be named Cooper Gay, will have 55 staff across Belgium, France, Germany, Martinique and the UK. It will be headed by Frédéric Chappaz, current CEO of Cooper Gay France,” a statement from the company said.
Chappaz said: “Since its launch in 2003, CGF has successfully developed through organic growth, and the time is now right to accelerate that growth through acquisitions. We are delighted to have come to this agreement with Tokio Marine Kiln, a longstanding business partner with whom we have worked closely for nearly 20 years.
“I know our new colleagues in Frankfurt, Paris and Liege are as excited as I am about what we can achieve together. And I look forward to working with them as we build a truly pan-European MGA.”