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Daily Insurance Industry News
Friday 17th of August 2018
January 27, 2012

Kaufman announces acquisition of Chesterfield

by Richard Kilner

Story link: Kaufman announces acquisition of Chesterfield

The H. W. Kaufman Financial Group has announced its purchase of London-based broker and underwriter Chesterfield Group, Ltd.

The acquisition expands Kaufman’s international insurance presence, as Chesterfield has companies in the UK, USA and Canada.

President, Chairman and Chief Executive Officer Alan Jay Kaufman described the acquisition as an important addition to Kaufman Financial Group, adding that Chesterfield was an attractive purchase because of its entrepreneurial spirit and strong relationships in the London market and elsewhere.

Chesterfield Group’s principal operating company is Chesterfield Insurance Brokers, Ltd., which is domiciled in the UK.

Chesterfield Managing Director James Stevenson said that the cultural similarities of the two groups and a strategic fit in the USA meant that clients and brokers would be able to benefit from a greater depth of products worldwide.

 

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