THB acquires PRM

by Richard Kilner

Story link: THB acquires PRM

Specialist insurance, reinsurance and risk management firm THB has declared that it has acquired Property Risk Management Limited (PRM), which provides UK commercial and residential properties’ owners and operators with risk management services.

PRM’s acquisition has been made on the basis of bolstering THB’s offering in the field of risk management.

As part of THB, PRM will become part of the Risk Management division which is dedicated to supporting clients and addressing their risk needs in occupational road (motor fleet), ergonomic, environmental, health and safety and property.

Frank Murphy, group chief executive of THB, has described the acquisition of PRM as a complement to the firm’s existing risk management division.

Two years ago THB acquired Cardinus to enhance its risk management offering. Last month Cardinus launched a new e-commerce website aimed at assisting the SME sector.