Cooper Gay acquires Benfield Aerospace team

by Gill Montia

Story link: Cooper Gay acquires Benfield Aerospace team

Cooper Gay & Co, the independent insurance and reinsurance broker, has acquired the London-based Aerospace team of Benfield.

The transaction means that 10 market practitioners, including John Howes and David Sales, are transferring to Cooper Gay’s London Aerospace division, along with their client portfolios.

They will be joining the team that transferred from Heath Lambert’s aviation division, in May of this year.

According to Cooper Gay, this latest acquisition establishes the firm as a market leader in the provision of wholesale and facultative broking and risk advisory services in the aerospace sector.

The company says it will continue to look for opportunities to enhance its specialist teams and is currently involved in negotiations at varying stages of development.

It is understood Cooper Gay hopes to make one or two new acquisitions by the end of the year.

The group currently operates in more than twenty countries and claims that its revenues place it in the top rank of independent, privately-owned insurance brokers.