Since it was founded in early 2011, AssuredPartners has completed more than 500 acquisitions and has global revenue in excess $2.7bn. It is the 11th largest insurance broker in the USA and one of the fasting-growing middle-market insurance brokerage firms in the USA, UK and Ireland.
Established in 1991, Harman Kemp has built a reputation as one of the leading independent Lloyd’s brokers specialising in excess and surplus lines business originating from MGAs and brokers based in North America, alongside business emanating from further afield including the Caribbean, Australasia and the Pacific Islands.
The DWF team was led by Dhruv Chhatralia BEM (partner, corporate), Raeesa Chowdhury (partner, corporate), Caroline Colliston (partner, tax), Laurie Clay (associate, corporate) and Ko Eun Choi (associate, corporate).
David Heathfield, CEO of AssuredPartners International, commented that: "We are extremely pleased to welcome the Harman Kemp team to the AP family and I’m grateful for the support provided by the DWF team throughout the process".
Dhruv Chhatralia, corporate partner at DWF, said: "We were delighted to support the AssuredPartners team on this transaction. I have been fortunate to work with the AssuredPartners management team for several years and it has been a real pleasure to see its business grow from strength to strength. AssuredPartners have a leading presence in the insurance brokerage industry in the USA, UK and Ireland, and have established a very exciting platform for further international growth".
This latest transaction continues DWF's leading advisory work on M&A transactions in the insurance sector.
The transaction, which had already received regulatory approval, was completed on 2 July 2024.
